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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 March 22= approx: $16.94
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Post by mousermanon Mar 22, 2023 4:49pm
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Post# 35354693

FTN unit nav to March 22= approx: $16.94

FTN unit nav to March 22= approx: $16.94So the value of the commons before distributions is about $6.94 , and with the last trade @ 9.12 the premium has grown to $2.18 or about  31.4 %. Gone are the days of trading under a 15% premium.
Not sure why FFN gets the big premium tho.
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