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 > Buying Opportunity

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Comment by Golfermanon Aug 02, 2024 12:02pm

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Post# 36161067

RE:Buying Opportunity

Not sure if I would add today. The NAV has taken a big hit today (-.40+ cents). The share price is now trading at a premium..... I would give the market a couple of days to diguest the drop in NAV as it normaly trades at a discount.

I may add some time next near the end of next week (depending on price to NAV)

I calculate the NAV today @ 12:00 PM to be around $7.76 for the commons

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