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 Jack256on Aug 17, 2019 5:34am

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Post# 30039110

RE:RE:RE:RE:FTN unit NAV to AUG 16 at 14.56 ( estimated)

I think he's about a Buck out. Maybe about a Buck .03 ($14.42)

Good luck to all.

dimonwinner wrote: Tell me how you get to 15,45$., when NAV on July 31st after distrubtions was 15,49$. But since then, if you look at the holdings, they went down on average -6,83%, leading by Bank of America -11.90% and Citigroup -10.12%. On top of that, if you take the exchange rate into consideration, CAD$ lost some value compared to USD$, so the loss on US holdings is even larger.

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