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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 22 = approx: $$16.50
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Comment by Toppicks1on Nov 23, 2023 8:10am
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Post# 35749720

RE:FTN unit nav to Nov 22 = approx: $$16.50

RE:FTN unit nav to Nov 22 = approx: $$16.50
mouserman wrote: So FTN showing a gain of 5 cents since the mid nov. update. The stock price has gone up a lot more than that, but it was trading at a very low premium.  Premium now is almost  9%.

I think I remember this trading at well over a 20% premium so could run quite a bit going into ex divi date. The yield is insane. If the US fed is done raising rates this will be a jewel.
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