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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 JohnWalkeron Feb 17, 2021 11:37am
137 Views
Post# 32584741

Good Volume Today

Good Volume TodayFTN trading has already exceeded volumes of any day so far in February and we are only two hours into trading. It's been my experience that heavier volume shows increased demand which tanslates into prices rising. Especially significant as the TSE is currently down 200 points on the day.

Perhaps people are starting to realize/anticipate a substantially higher NAV which should be reported shortly after market close this afternoon. It's been particularly frustrating for me these last few weeks seeing A share prices dropping and rising a few cents each day with no particular direction.Hopefully we will see a change soon.


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