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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 > FTN unit NAv to Nov 30 = approx: $18.86
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Post by mousermanon Nov 30, 2022 9:20pm
383 Views
Post# 35141715

FTN unit NAv to Nov 30 = approx: $18.86

FTN unit NAv to Nov 30 = approx: $18.86Spreadsheet has FTN gaining 25 cents on the UNIT NAV since midmonth. CAD bounced back hard today, after dropping all the way down under 73 cents. Finished  today @ $74.52  according to yahoo finance and SW.
After distributions are paid out, the commons  have a value of 8.68 or so.
Last trade @ 9.50 leaves the premium @ 82 cents .  That is 9.4% and still best of breed in value.

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