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 in real time @ $16.02

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Comment by mousermanon Oct 10, 2023 5:12pm

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Post# 35677749

RE:RE:FTN unit nav in real time @ $16.02

AXPRO wrote: Hi M,

You wrote 'lost 11 cents', but compared to your previous NAV calc, it rose about 13 cents.
Appreciate your thoughts!

Well there was a bit of a difference due to the greater cash position, but also the US markets were open monday and FTN had some gains in the US holdings. Today was a very green day, on both the CAD and US markets, so most of the gains would have been today.

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