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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

Post by mousermanon Nov 18, 2022 11:38am
262 Views
Post# 35110561

FTN still the best value in the split fund arena

FTN still the best value in the split fund arenaSo with the moe DOWN in the CAD vs the USD, and all the holdings green today... FTN UNIT NAV will have surged quite nice. SO back to about a 5% premium at $9.19... not one split fund common that is paying is under a 10%  premium including FFN which just crawled back over the 15$ threshhold ...
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