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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 mousermanon May 14, 2021 5:02pm
384 Views
Post# 33208302

FTN UNIT NAV to May 14 = $21.71

FTN UNIT NAV to May 14 = $21.71 SO FTN gained about 64 cents in UNIT NAV since april 30....
Nice move up in most of the holdings. 
Trading still at a discount to NAV much like LBS from Brompton...
Commons have a value of $11.71 here , but of course there will be big distributions paid out in about a month...  but even so ,  nice value here. 
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