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

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Post by mousermanon Aug 21, 2024 2:04pm

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Post# 36190302

FTN unit nav in realtime..@approx: $18.21

Spreadsheet showing a gain of only 3 pennies since the 15th now , as the USD continues to drop and US banks in red today, are down a little heavier than it normally would be. Biggest gainers in FTN, are CM, and SLF, in terms of how many cents they are up... and IN % terms CM up 2.77%, GWO up 2.35 %, AGF.b up 2.3 % and SLF up 1.88% .. WHY i am buying LBS instead of FTN despite the lower yield.
LBS holds the biggest gainer in the lifecos , IAG... and no US banks..

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