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 > Waiting for the april 30 update...

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon May 03, 2024 8:23am

81 Views

Post# 36021199

RE:Waiting for the april 30 update...

mouserman wrote:
Should see it tomorrow after the close. Not sure about closing USD exchange on the 30th... I suspect FTN commons trading right around the actual NAV... with the last trade @ $8.03

FTN Unit NAv reported @ $15.92 to April 30 after distributions. Spreadsheet was a few cents high, and now the commons would have a value of about $7.96 to MAY 2...

<< Previous

Bullboard Posts

Next >>

Three business reasons companies need to recycle e-waste