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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 29 = approx: $16.26 before dist.
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Comment by navgodon Sep 30, 2023 3:05pm
95 Views
Post# 35663425

RE:RE:FTN unit nav to Sept 29 = approx: $16.26 before dist.

RE:RE:FTN unit nav to Sept 29 = approx: $16.26 before dist.No a bargain was three weeks ago when the premium was 6% at the close on 9/7 GLTA
Inglewood wrote: Like you said... super reasonable premium, maybe even a bargain.. IF the market wasn't rolling down  Dante's Hill. I parked half my portfolio in this in early Sep, buying the dips. And boy, wish I hadn't been so greedy and put it in the pref shares instead!

Hopefully the this doesn't fall too much further. Got about 98 cents of room before payments stop (taking into account October premiums that are scheduled to be paid) ... so we can withstand approximately another 15% loss.. any more than that, watch out below!





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