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 NAV

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Comment by mousermanon Mar 28, 2024 3:17pm

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Post# 35958767

RE:RE:RE:RE:FTN NAV

Golferman wrote: Hard to believe we are red today with most of FTN's holdings running into close..... would not be suprised to see Mousermans end of day NAV @ $18.50

Yes very strange that FTN is in the red, particularly because it is trading at a discount even after paying out the big 20 cent month distributions. CAD now has dropped back from the high just below 74 cents.. so that is not much of a factor at all now..

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