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Bullboard - Stock Discussion Forum Us Financial 15 Split Corp T.FTU

Alternate Symbol(s):  T.FTU.P.B

US Financial 15 Split Corp. is a mutual fund company. The Company invests in an actively managed portfolio of common shares composed primarily of 15 core large capitalization United States financial services companies. The Company’s objectives in managing its capital are to provide holders of Preferred shares with a cumulative preferential monthly dividend at an annualized rate of 10% based on... see more

TSX:FTU - Post Discussion

Us Financial 15 Split Corp > FTU.PR.B Redeemable value upon termination
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Post by ClydeTower on Apr 19, 2022 10:45am

FTU.PR.B Redeemable value upon termination

Although Quadravest's website says they will pay holders the 10$ notional issue price in the event the the fund is terminated on DEC-1-2024, I would imagine they could not pay more than its NAV which is currently 7.47$. Any thoughts on this?
Comment by EdPaquette on Apr 19, 2022 11:26am
Yes, those are true but in reality quadravest will just renew the term 5 more years, possibly adjusting rates.
Comment by PileOfShit on Apr 22, 2022 12:02am
This post has been removed in accordance with Community Policy
Us Financial 15 Split Corp