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

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Post by mousermanon Jan 04, 2024 11:54am

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Post# 35810606

FTN unit nav to Jan 04 -= approx: $17.58 AFTER dist.

Spreadsheet is showing a gain of 24 cents since the DEC 29 update,most of that from the US banks in the mix... CAD falling vs USD is helping that part as well.
Commons carry a value of 7.58 here and seems a good buy at the last trade of $7.67,, with only a 9 cents premium. Trading/investment seems cautious to start the new year.

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