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 > FTN unit nav to June 13 = $17.78

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Comment by mousermanon Jun 17, 2024 10:05am

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Post# 36091911

RE:RE:RE:RE:RE:FTN unit nav to June 13 = $17.78

Splitfunding wrote: Well, you were wrong. She not only held, but grew! I still don't understand why FTN now has a huge premium while FFN trades at a discount. Completely illogical and doesnt nake any sense since they are two very similar funds with one just being a little more exposed to US banks and the other to Cad banks.

Biggest reasons would be fear and the safety cushion FTN enjoys. A few more weeks of correction in financials and FFN would underwater for paying to commons... however FTN would stil be fine. Same phenomenon seen with BK and others.

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