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: $18.70

<< Previous

Bullboard Posts

Next >>

Comment by NoShoesNoShirton Aug 30, 2024 9:22am

88 Views

Post# 36202543

RE:RE:FTN unit nav in realtime @ approx: $18.70

Golferman wrote: Yes hard to believe it's trading at such a big discount. Especially with rate cuts coming in September.

Gdv is also available for a discount. As much as I like FTN, it's too dangerous to own much USA with the election coming and possibly a sore loser rioting. LCS nav is about to overtake FTN.. The payout is smaller but the nav is skyrocketing.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features