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

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Post by mousermanon Aug 14, 2024 4:56pm

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Post# 36179293

FTN unit nav to AUg 14 = approx; $18.03

Big bounce back day for the US banks, altho all are still below JULY 31 levels. Big CAD banks also still all below JULY 31 .. only SLF and GWO are up .
Last trade @ $8.22, means only a 19 cent premium. Has to be one of the better buys amongst the financial split funds, using small premium to NAV value with the yield and safety on top.

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