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 > Quadravest publishes FEB 29 UNIT NAV for FTN @ $17.68

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Post by mousermanon Mar 04, 2024 5:04pm

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Post# 35914350

Quadravest publishes FEB 29 UNIT NAV for FTN @ $17.68

I was quite low on my estimates and that could be cash position or the change ion weightings . Will do a deep dive here tonight. At any rate i suspect the UNIT NAV much closer to $17.90 than $17.80. Why it is trading at a discount is a subject up for discussion.

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