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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 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

Post by mousermanon May 21, 2024 2:05pm
183 Views
Post# 36050418

FTN unit nav in realtiem @ Approx: $18.61

FTN unit nav in realtiem @ Approx: $18.61So now showing only a gain of 4 cents since the udpate on the 15th.
JPM comments regarding buybacks was takennegatively by the markets and yesterday went down quite a lot. However its bouncing back today along with most of the holdings. Some of the CAD banks and lifecos in red... and affecting NAV as well. Inflation report from Canada, probably made some sell the currency as it points towards a higher likelihood of an interest rate cut. That should return the inflation numbers back  to higher number in short order. Everything we import will become more expensive with a lower CAD ...
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