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.

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Financial 15 Split Corp > Now updated , FTN UNIT changed to a loss of 10 cents

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Post by mousermanon Sep 08, 2023 8:33am

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Post# 35625695

Now updated , FTN UNIT changed to a loss of 10 cents

SO i have the balance of holdings at 42% CAD and 35% US, and SLF moved up the weightings. It made a difference of a penny.
UNIT NAV to Sept 7 shoud be $16.40
Very cheap premium at this point at round 6 %.... but it is the general sentiment that is negative on the banks AND the banking system here. These premiums are shrinking on all the financials splits , which hold a high % of banks..
THE USD exchange gain vs CAD helped more than anything else to limit the losses.

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