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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

Financial 15 Split Corp > Realtime NAV for FTN is approx:$ 22.96
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Comment by mousermanon Feb 09, 2022 5:49pm
126 Views
Post# 34414514

RE:RE:RE:Realtime NAV for FTN is approx:$ 22.96

RE:RE:RE:Realtime NAV for FTN is approx:$ 22.96Yes the yield is only just over half of LFE, which also trades at a big discount % wise...
FTN gained another penny in unit NAV, i have them @ $22.97 for UNIT NAV , up 88 cents since the JAN 31 update.
FFN is trading right at NAV with a yield of 17.5% or so, and definitely we are seeing yield chasing in this risk-on market. DF trades at a premium, as does DGS. But outside of those 2 i believe the rest of the split funds i follow trade at NAV or discounted.
Have a huge safety net to the threshhold for paying no longer deserves a premium.

JohnWalker wrote:
Donwaan wrote: Why the huge discount? Such a big gap seems unwarranted.


Not enough yield for the "yield chasers" compared to FFN and LFE.



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