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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

Comment by alderon Oct 19, 2021 8:21pm
127 Views
Post# 34025119

RE:RE:RE:RE:RE:FTN unit NAV jumps to $22 to OCT 15

RE:RE:RE:RE:RE:FTN unit NAV jumps to $22 to OCT 15
Obviously you are wrong AGAIN. I did record the Sept 15 NAV from the Quadravest site, and it was
$21.32 (I've recorded all NAVs for many months). Just in case that is not clear to you, I did not derive the $21.31 from a subtraction of 68 cents from $12.00.  I do not gaslight !

I have no idea why there is a difference between the Canadian Prefered shares site and Quadravest.  I,and mouserman are comparing NAVs from the same source. Are you saying Quadravest is misleaing (lying) on their website about their NAVs ? Unlikely !

You might want to check the Oct 15 NAV from the Canadian Prefered shares site and see what the diffence is between it and $21.51.

Alder
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