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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Aug 07, 2024 4:12pm

194 Views

Post# 36168193

FTN unit nav to AUg 7 = approx: $17.35

So opened strong today, but finished with a whimper. FTN now has lost $1.22 in UNIT NAV since JULY 31 ... FTN commons now valued at $7.35 , last trade @ $7.73 means a premium of 38 cents . Only about 5.2%. After hearing JPM CEO comments a while back and then watching Warren Buffet's recent move....not a surprise there were actors shortselling this one and others.
Read this today: Four recently filed Form 4s with the SEC show that Berkshire Hathaway's brightest investment minds have sold shares of BofA stock for 12 consecutive trading sessions (July 17-Aug. 1). Altogether, 90,422,124 shares of Bank of America stock were sold, totaling proceeds of roughly $3.82 billion.

<< Previous

Bullboard Posts

Next >>

How to trade on the stock market: A beginner’s guide