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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
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Post by mousermanon Sep 23, 2022 7:09pm
307 Views
Post# 34983385

FTN unit Nav to Spet 23 = approx: $17.36

FTN unit Nav to Spet 23 = approx: $17.36My spreadsheet has FTN losing about 72 cents off the unit nav  in 6 tradings days to fridays close. With the last trade @ 8.50 the premium is now $1.14 and that equates to about  15.5 % , which would still be the best value amongst the split funds i watch.
Most of that loss happened today, and the world stock markets showed a lot of fear  and capitulation.

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