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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

Post by bigguy56on Dec 08, 2020 1:36pm
302 Views
Post# 32059064

A good day today...

A good day today... Definitely a good day today. I have nto been following but let's see if my price prediction is true.. I have not looked at the divvy yet. I said "So my analysis is that instead of 2000 shares at 3.47 I will have 800 shares that will begin trading at 8.68 on Dec 17. The stock will have an intrinsic value of at least 7.88 (17.88-10). The yield will be 13.8% (1.20/ 8.68). Formerly the dividend was .125 monthly which gave a yield over 20% at a price of 7.25."... then.. "So with a minimum breakup value of 7.88.. I see the price rising provided this deal happens to reflect the excellent dividend return. Maybe to $9 or $10... I am suerprised that it has not risen since the announcement."
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