Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp > FTN unit nav to July 15 = approx: $18.52

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Post by mousermanon Jul 15, 2024 4:22pm

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Post# 36133593

FTN unit nav to July 15 = approx: $18.52

Spreadsheet now showing a gain of 59 cents since the JUNE 28 update. Will see how close this is in a few days when Quadravest updates to midmonth.
FTN trading at a ridiculous valuation again.. hard to believe it is discounted 29 cents at the close. Over 3 %.! I suspect shorts will cover before ex divvy date... and many wanting in for a more secure distribuiton will buy the last few days.

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