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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 > QV updates
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Comment by mousermanon Sep 06, 2023 9:53am
104 Views
Post# 35621675

RE:RE:QV updates

RE:RE:QV updates
mouserman wrote: Yes the adjustment to the NAV would make the UNIT NAV 16.57 after distributions. WIth the last trade @ $7.52 the premium is about 95 cents , so yes now  a very respectable   14.4%
I believe the bottom is close here, especially if we can get some GOOD news for a change regarding the banking sector.


Apparently no good news so far today, as nearly every holding is red for FTN.... not sure when this correction will start its v-shaped recovery.. or if indeed it will even happen.
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