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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

Financial 15 Split Corp > FTN unit nav to April 26 = approx: $18.21
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Post by mousermanon Apr 26, 2024 4:53pm
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Post# 36010283

FTN unit nav to April 26 = approx: $18.21

FTN unit nav to April 26 = approx: $18.21Looking at a gain of about 41 cents since the update. FTN commons trading very near the NAV before distributions. Not paying any big premium like with DGS or DFN... 
But payouts to preferred and commons are much bigger with FTN and perhaps that is a drag on the fund now. USD down vs CAD maybe as well.
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