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 unit nav to Jan 13 = $22.86

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Post by mousermanon Jan 14, 2022 12:29am

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Post# 34315596

FTN unit nav to Jan 13 = $22.86

FTN now up about $1.33 since the DEC 31 update, and this puts the value of the commons @ $12.86. The DISCOUNT to Nav is now 65 cents or just over 5%..
Best value in a split fund common of those paying better than 12% as far value by discount/premium goes.
FTN yield annually would be 12.35% at the close.

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