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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

Comment by NoShoesNoShirton Mar 07, 2024 3:48pm
66 Views
Post# 35921284

RE:Split funds are not priced like we are in a bull market

RE:Split funds are not priced like we are in a bull market
mouserman wrote: So , what makes me a little fearful, is that several of the these splits are now trading at discounts, despite being well into  the territory for paying to commons. Means folks are looking for safety, or perceived safety  like commodities , gold and bitcoin. Gold at an alltime high today. Being maybe pushed there by the prospects of nuclear war.
Amazes me that DFN with about 25 cents of coverage above 15$ level  is one that has a premium.
FTN, FFN, LFE, LCS, all at a discount. And some are at a CONSIDERABLE discount.

It's the psychology of winning and losing. Most investors don't know about the workings of the splits and they just go by payment history. 
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