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

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Post by mousermanon Dec 13, 2023 1:15pm

495 Views

Post# 35782526

Could be shortselling since DEC 1

I had to have a look to see which houses were selling the most FTN commons since DEC 1 and not much of a surprise aas ANON was by far and away the biggest seller.
In my experience , ANON is used almost exclusively by big brokers who want to hide their actions. Normally ANON covering will happen just before ex divvy date. I am sure they expected FTN holdings to do worse than they are. But they seem to be trying to keep a cap on the FTN rise , as I can imagine no other reason for FTN trading at a 1% premium.

House Positions for C:FTN from 20231201 to 20231213

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	886,430	6,175,703	6.967	676,604	4,705,549	6.955	209,826	-1,470,154
19 Desjardins	128,718	899,668	6.989	34,305	239,307	6.976	94,413	-660,361
33 Canaccord	71,955	499,717	6.945	13,600	95,088	6.992	58,355	-404,629
85 Scotia	139,909	974,755	6.967	85,194	597,673	7.015	54,715	-377,082
9 BMO Nesbitt	86,587	605,675	6.995	38,947	270,977	6.958	47,640	-334,698
2 RBC	344,398	2,404,726	6.982	297,429	2,081,757	6.999	46,969	-322,969
88 Credential	64,522	451,903	7.004	24,200	168,126	6.947	40,322	-283,777
80 National Bank	164,261	1,151,806	7.012	134,460	937,381	6.971	29,801	-214,425
59 PI	23,419	162,635	6.945	0			23,419	-162,635
14 Virtu ITG	20,075	140,449	6.996	8,392	58,497	6.971	11,683	-81,952
39 Merrill Lynch	59,750	417,501	6.987	54,951	385,486	7.015	4,799	-32,015
48 Laurentian	2,000	14,100	7.05	0			2,000	-14,100
28 CI	643	4,532	7.048	0			643	-4,532
76 iA	2,600	18,308	7.042	2,315	16,394	7.082	285	-1,914
84 ITG84	270	1,867	6.915	267	1,855	6.948	3	-12
62 Haywood	0			160	1,100	6.875	-160	1,100
36 Latimer	4,984	34,825	6.987	5,471	38,337	7.007	-487	3,512
53 Morgan Stanley	400	2,809	7.023	900	6,314	7.016	-500	3,505
70 Manulife	0			960	6,672	6.95	-960	6,672
89 Raymond James	78	550	7.051	4,952	34,658	6.999	-4,874	34,108
5 Citadel	2,597	18,137	6.984	8,681	60,778	7.001	-6,084	42,641
13 Instinet	5,600	38,702	6.911	11,800	82,622	7.002	-6,200	43,920
22 Fidelity	98	690	7.041	9,195	63,514	6.907	-9,097	62,824
25 Odlum	0			10,000	68,743	6.874	-10,000	68,743
124 Questrade	66,763	465,892	6.978	80,838	567,267	7.017	-14,075	101,375
57 Interactive	6,166	42,792	6.94	21,939	153,335	6.989	-15,773	110,543
79 CIBC	354,629	2,474,390	6.977	387,391	2,707,771	6.99	-32,762	233,381
1 Anonymous	495,243	3,454,191	6.975	1,019,144	7,107,141	6.974	-523,901	3,652,950
TOTAL	2,932,095	20,456,323	6.977	2,932,095	20,456,342	6.977	0	19