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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 Sept 15 = approx: $16.84
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Comment by Golfermanon Sep 15, 2023 5:08pm
109 Views
Post# 35639126

RE:FTN unit nav to Sept 15 = approx: $16.84

RE:FTN unit nav to Sept 15 = approx: $16.84

I see the last trade as $7.70.... as per your calculations for the commons valued at $6.84.... I get a premium of 12.57%

7.70/6.84 = 1.1257

Still a good buy 

always appreciate your NAV updates. 

Golferman

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