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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

Financial 15 Split Corp
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Post by mousermanon Nov 18, 2022 3:03pm
198 Views
Post# 35111317

FTN unit nav in realtime= approx: $18.63 before dist

FTN unit nav in realtime= approx: $18.63 before distSo since Nov 15 , FTN back in the positive numbers, now up about 2 pennies since the 15th update.
Most of that due to gains in USD vs CAD.
After distributions of 18 cents , the commons would have a value of $8.45 , and the Post dist .  premium today would be 76 cents ... about 9%.
Will start to give valuations for these , POST distributions: after paying out to preferreds and commons.
Will be on the road for about a week, so not sure how many updates i will be giving..
Good luck to all.
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