Financial 15 Split Corp FNNCF

Primary Symbol: T.FTN Alternate Symbol(s): T.FTN.PR.A

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

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Post by mousermanon Aug 09, 2022 11:10am

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Post# 34881536

FTN unit nav in realtime= approx: $18.01

FTN one of the few (PAYING) split funds from Quadravest that is making a positive move since the end of JULY. Now only up 4 cents since JULY 29 , but not trading at an outrageous high premium with the last trade around $9.16.
Annual yield at these levels is still over 16.4% and that beats DFN, or BK which are also paying to commons, but carry higher premiums.
FTN premium to day is around 14.5%
DFN is up around 17.5%
And BK now over 22% premium

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