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 28 = $16.64

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Comment by mousermanon Sep 01, 2023 10:15am

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Post# 35615785

RE:RE:RE:RE:FTN unit nav to AUG 28 = $16.64

marcrobert wrote: ok so chart is useless pre dec 2020 "The closing trading price of the pre-consolidation Class A shares on December 16, 2020 of $4.14 translates to a price of $10.35 post-consolidation." So today, IT HIT 7.98, - $2.37, -23% since dec 2020.

nav must be sub 6 i assume, some people are nervous, -10% in 3 days...premium comming out like air in a balloon.

NAV would not be sub 6 $..... and today so far a huge jump in UNIT NAV as the CAD falls vs USD on poor growth numbers from Canada. Looks as tho all the holdings except for AGF are up at this point.

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