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 > Market Set up

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon May 14, 2024 10:19am

141 Views

Post# 36038643

RE:RE:RE:Market Set up

Experienced wrote: mouserman - I agree

Generally it is a good strategy to buy splits with a low or negative premium. Buying splits with a high premium just adds more risk because the market may decide to lower the premium regardless of what the underlying stocks are doing.

Yeah , and imo LFE is the best ( high risk ) buy out there right now as I have the NAV @ $15.22 with tomorrow being the calculation date for Quadravest. Last sale @ $4.78 means the discount is nearly 10 % for a common share well above the level for paying.

<< Previous

Bullboard Posts

Next >>

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide