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 > FTN unit to Jan 04 = approx: $17.46 after dist.

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jan 04, 2024 4:13pm

238 Views

Post# 35811275

FTN unit to Jan 04 = approx: $17.46 after dist.

So the spreadsheet showiLng the close with a gain of 12 cents since update on DEC 29.
Last trade @$7.69 means the premium ended the day at 23 cents or about 3 %. Very low historically for a high yielding split fund common, wiuth over 2 $ of safety coverage for distributions. Yield annually is about 19.6% at the close.

<< Previous

Bullboard Posts

Next >>

Debt-free cannabis company set for next stage of growth