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.

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Financial 15 Split Corp > Updated just the US holdings

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Comment by Snasna102on Aug 06, 2024 5:26am

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Post# 36165425

RE:RE:Updated just the US holdings

So I'm kinda new here but following FTN for a bit and want to build a position.

I see yours and mouserman's comments and look for them daily. Can I just ask what's the difference between NAV before and after distribution. I know we need the NAV above 15, but unit NAV is $7.45. What would the requirement be for the Unit NAV be to still be able to payout the dividend?

sorry if this is a simpleton's question.

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