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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jan 08, 2024 4:32pm

388 Views

Post# 35816385

FTN unit nav to JAN 08 = approx: $17.61

So managed to update the spreadsheet to the new weightings and cash position. The monthly update showed CAD holdings @ 47% and the US holdings @ 40%, and 13% in CASH.
So appears they put the new money into the US banks.
Last trade @ $7.79 equates to a premium of only 18 cents, or about 2.3 %.
TD goes ex divvy tomorrow.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading