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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 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

Post by NobleHouseon Mar 11, 2024 8:39pm
247 Views
Post# 35927582

Realtime NAV 2% higher

Realtime NAV 2% higherThere are times that l do not understand the thinking of some investors..This ETF  with a 19% plus dividend is trading under NAV by 2%. To some , they complain like it should have a10% premium or more, yes that would look good on my portfolio also , but what is it , just a paper profit.Thats unless you intend to dump and go play elsewhere.My opinion for what it is , is l love this discount , it's a rare opportunity to add more new shares through  Dripping and even better adding to ones portfolio by deploying new money in one of the most , if not the most important sectors in the North American economy. I may be older but l will take that scenario every day that it presents itself.If the in and out crowd want to complain , that's their choice.I believe in the  old Smith Barney slogan , We don't just make money , We Earn It.
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