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 > CAD again getting trashed

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Comment by yellowmooseon Nov 05, 2022 7:02am

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Post# 35075452

RE:CAD again getting trashed

mouserman wrote: So CAD now down over 1.3% since hallowe'en. Good for US holdings in FTN, but really only good will be our products produced here will be cheaper for other countries to buy.
likely the UNIT Nav now is back to about Oct 31 level. At the close yesterday I estimated the UNIT NAV to be $18.17 up about 6 cents , mostly due to gains by the top 4 holdings.

mouserman makes a good point

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