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 > Premium down to 1% !!!!!!

<< Previous

Bullboard Posts

Next >>

Post by Inglewoodon Dec 11, 2023 12:26pm

196 Views

Post# 35778030

Premium down to 1% !!!!!!

As of 12:20 EST, I got the NAV flat... so $16.92. Current price = $6.99. That puts the premium at 7 cents, or a paltry 1.01%!!!

For this high of a distribution, and this level of safety... I have not seen a premium this low!

Am I correct? MM / Educator.. any thoughts?

Maybe everyone is waiting for the Fed this week. I think it will be more of the same from them.. meaning not saying much. Hikes still possible, supply-demand more balanced. Another pause and stay the course.

<< Previous

Bullboard Posts

Next >>

Nextech CEO provides company update on Amazon deal and more