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 > Zero sum game

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Comment by ANALOG GUYon Sep 22, 2023 5:10pm

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Post# 35650103

RE:Zero sum game

navgod wrote: What I mean here is that inside the unit NAV of FTN what is good for FTN.pr.a is bad for FTN. This increase in the distribution should add at least 20 cents in value to the prefs and a similar drop for FTN. For those of us on this board holding the prefs as a trade into the retraction this is like adding a cherry on top of the sundae -- for those in the cap shares not so much. Disclosure I own 80.4K FTN.pr.a and 161.6K FFN.pr.a no brag just a fact GLTA

gotta give you props

preferreds up .22 today :)