Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp > FTN NAV to June 30th = $21.31

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Comment by mousermanon Jul 05, 2021 5:26pm

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Post# 33496609

RE:FTN NAV to June 30th = $21.31

JohnWalker wrote: As per Quadrevest website.

Yes noted that the UNIT NAV before distributions was 21.50, and did indeed drop from the midmonth. But i alwyas thought the total payout was just over 18 cents per month....
5.625 cents per share monthly to preferreds and 12.57 cents monthly to commons....i guess some rounding up went on with the NAV numbers.

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