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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon May 28, 2024 5:25pm

219 Views

Post# 36061210

FTN Unit Nav to May 28 = approx: $18.42

Spreadsheet now showing a loss of 15 cent since the update on the 15th..
with the last sale at $8.37 the discount would be 5 pennies BEFORE distributions are figured in. After distributions FTN commons would actually be at a 16 cent premium.
SO in reality trading very close to its true nav today. That after a big down day in the markets.

<< Previous

Bullboard Posts

Next >>

NervGen Pharma: Proof that NVG-291 works?