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 guesstimate to NOV 15 UNIT NAV = approx: $22.38

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Post by mousermanon Nov 15, 2021 4:31pm

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Post# 34129057

FTN guesstimate to NOV 15 UNIT NAV = approx: $22.38

So at the end of the days trading today, FTN UNIT NAV shows a gain of 27 cents since the OCT 29 update. Vale of commons would be $12.38 and the discount to NAV seems consistent at about 40 cents of late. I believe some may have switched out of FTN today and into BK, which was trading at almost a 10% discount to nav before they announced the increase in distributions to commons.

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