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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 Nov 14 = approx: $16.49
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Comment by Higherhopes2020on Nov 14, 2023 11:33pm
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Post# 35736021

RE:FTN unit nav to Nov 14 = approx: $16.49

RE:FTN unit nav to Nov 14 = approx: $16.49

LBS UNIT NAV to Nov 14 = approx: $16.46 and traded at 7.58 premium of a $ where as FTN traded @6.59 on 10 cents premium.  Its better to buy FTN than LBS or better yet to sell lbs and buy FTN as well FTN has a yield of 23% at current price. 

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