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 > FTN UNIT NAV estimated @ $18.03 to MArch 12

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Comment by mousermanon Mar 13, 2024 10:29am

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Post# 35930380

RE:RE:FTN UNIT NAV estimated @ $18.03 to MArch 12

Yes , lower premiums = a higher yield as compared to what you would have got buying at market. However FTN has been at a discount for some time, and those who bought in back in Feb would have a much higher yield than buying today. Premium to NAV and discount to NAv are the most important factors to me. Macro conditions and market sentiment are also something to consider, but change quickly quite often.

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