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 > Question on Fund Updates

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Comment by BLOODTHIRSTYon Jan 30, 2024 12:55pm

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Post# 35852952

RE:Question on Fund Updates

JimBoSS wrote: I am looking at the fund updates for DFN & FTN this morning. On the FTN update they list current yeilds for both FTN and FTN.PR.A. On the DFN update they only list yeild for DFN.PR.A and nothing for the A shares. Is there a reason for this?

Also, how are they calculating yield? They state the yield for FTN.PR.A as being 7.41%. When I calculate it I get 9.11%. I use dividend divided by stock price which works when I calculate FTN. What am I missing?

You are looking at documents dated December 29, 2023. They would reflect that not today.

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