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 AUG 18 = approx: $16.68

<< Previous

Bullboard Posts

Next >>

Comment by Intellectualon Aug 18, 2023 10:41pm

126 Views

Post# 35595956

RE:RE:FTN UNIT NAV TO AUG 18 = approx: $16.68

That will depend upon the earnings releases starting on Wednesday. With the banks having retreated to such a degree, I'm hopeful a lot of negative news has already been baked in.