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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp
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Comment by JohnWalkeron Jun 02, 2019 7:53pm
145 Views
Post# 29792753

RE:RE:Free Fall

RE:RE:Free Fall
bychoice wrote: The portfolio is down almost 4.5% since mid May. The NAV WAS $15.65. 4.5% would mean a drop of more than 65 cents That would put the Nav <$15.


Don't forget that NAV dropped a further $0.1715 on May 31 (Record Date for June dividends), so if your $0.65 drop is accurate than unit NAV will end up well below $15. <b>

I agree with you about Class A dividends being suspended, so this will likely make a good short candidate for the next 30 days or so.


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