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

Bullboard Posts

Comment by JohnWalkeron Aug 19, 2019 11:56pm

103 Views

Post# 30045403

RE:RE:Quadravest - Worse than expected NAV -$14.39

dimonwinner wrote: I had similar NAV on the 15th, I was very close. But yes, it's very bad if you take into consideration that markets are close to all time high. It should drop to 5$ easily tomorrow and more downside to come. But who knows, those markets are not predictable and some people buy FTN without knowing what they are buying. Some people bought at 6.20$ thinking it's cheap. But actually it's almost 2$ over NAV.

DF NAV = $14.40

FTN NAV = $14.39

FFN NAV = $14.38

They all have a value of within 2¢ of each other and yet prices paid on the open market run from $4.17 to 6.26 at the close tonight. Crazy.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?