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 > FTN unit NAV to AUg 23 = APProx: $18.21

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Comment by navgodon Aug 24, 2022 9:24am

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Post# 34916590

RE:RE:FTN unit NAV to AUg 23 = APProx: $18.21

pjn0987654321 wrote: Offering closes "on or about" Aug 31. The new commons and preferreds may not be in time for this month's distributions. Ex-div is Aug 30.

If the offering closes on or before the 31st buyers will receive the divi -- ex divi date has to be adjusted for the 2 day settlement. GLTA

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