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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 > FTN unit nav to DEC 5 = approx: $16.69
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Comment by mousermanon Dec 06, 2023 1:01pm
164 Views
Post# 35771325

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FTN unit nav to DEC 5 = approx: $16.69

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FTN unit nav to DEC 5 = approx: $16.69
NoShoesNoShirt wrote:
Diversified Banks
 
 
WFC

Wells Fargo & Co

 44.895 USD +0.405
(0.91%)		 44.89(9) 44.90(34) 8.49M Finance
 
 
JPM

JPMorgan Chase & Co

 157.265 USD -0.705
(-0.45%)		 157.26(3) 157.27(1) 3.98M Finance
 
 
GS

Goldman Sachs Group Inc

 344.255 USD +2.505
(0.73%)		 344.09(0) 344.31(0) 700.01K Finance
 
 
C

Citigroup Inc

 48.488 USD +1.788
(3.83%)		 48.48(11) 48.49(6) 20.21M Finance
 
 
BAC

Bank of America Corp

 30.955 USD +0.375
(1.23%)		 30.95(32) 30.96(69) 29.69M Finance


You do know that FTN  holdings of CAD financials is approx; 40%  of the NAV at the last full update and US banks were  only 27%......
Look at a one chart of LCS, LBS and FTN, tell me what you see. Cherry picking dates is a short term focus. Moody's ,FITCH , etc have all downgraded the US govt debt and the US banking system. Not so with Canada. I suspect we will start to see the cracks in the US banking from exposure to sovereign bonds and commercial debt early in 2024.
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