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 in realtime = approx: $17.40

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Comment by mousermanon Aug 07, 2024 3:57pm

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Post# 36168149

RE:RE:FTN unit nav in realtime = approx: $17.40

Normally it would be done at 10% or better, but in this market it may be a tough sell...
Doubt we see one real soon, but not a bad idea if they can swing it. FTN may be near a high for the year, good time to lock in the gain provided by selling UNITS at a premium.
Will see where the markets head this fall, but too many bulls / FED /Govt stats, out there saying everything is fine.

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