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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial Services Asset Management
Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp > Practically everything rallied in November
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Comment by mousermanon Dec 04, 2023 2:59pm
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Post# 35767603

RE:RE:Practically everything rallied in November

RE:RE:Practically everything rallied in November
Golferman wrote:

NAV is up again today..... wouldn't be surprised if we close green today.

Golferman 


Very surprising to me that FTN and the other financial split fund commons are not showing green today. May be a reflection of fear in the hedge funds  and other big holders of financial stocks.. Quadravest also had very high cash positions in a few of the split funds, and will be interesting to see if they trimmed that back a bit, or are still hesitant to jump back in .
LCS not gaining today, despite the UNIT NAV jumping about 5 or 6 cents today...LBS  trading also down today even tho 7 out of 10 holdings are up today. SBC, BK , also down , even tho they have a bit more safety above the threshhold for paying.  May be a little tax loss selling?

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