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 KLownHouSERon Mar 06, 2020 7:05pm

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Post# 30777981

RE:Carnage continues, FTN UNIT NAV is approx. 13.61 to Mar.6

mouseman putting in the full time hours? I wonder why shorts can't hammer this down to 4? Maybe cos even though the divy might get held a few months, we all know banks are gonna bounce back. Anyone buying at these levels will lock in the 24+% rate for whatever they buy here.

anon bought more than they sold today.
Most of the buying short covering

mouserman wrote: Not sure what the buyers of FTN are thinking about today.. but buy they did at over 6$...... real value for the commons is 3.61
Nothing quite like paying nearly double the value for a stock that wont pay distributions for the near future...
Holdings in the fund were down over 5.75% overall and not a stock with a positve result since the FEB 28th update.
Worst were NAT BANK down over 10.5% , BAC down over 9.6%, and WFC down over 9% as well.