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

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Comment by NoShoesNoShirton Dec 11, 2023 12:52pm

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Post# 35778091

RE:Premium down to 1% !!!!!!

Inglewood wrote: 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.

DFN was taken out by shorts, otherwise even when it stopped paying it wouldn't have dropped. Then BK had its premium stolen by shorts. The shorts may not understand how splits work, and I swear shorts are attacking FTN now. But they will fail this time because of the great nav 16.92.

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