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 > 2.5 % Haircut = What

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Comment by JohnWalkeron Dec 08, 2020 1:20pm

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Post# 32058916

RE:RE:RE:RE:RE:2.5 % Haircut = What

navgod wrote: The primary reason to be short FTN was the ridiculous premium it used to trade at

At today's current price the implied premium (post consolidation) is well over $2.00 based on Nov 30th NAV posted by Quadrevest.

I just sold 50K shares at $4.09 for a capital gain of $18,750. Looking to possibly buy back in on or after Dec17th.

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