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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 > FTN unit nav to Sept 9 = approx; $18.45
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Comment by mousermanon Sep 10, 2024 10:25am
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Post# 36216521

RE:FTN unit nav to Sept 9 = approx; $18.45

RE:FTN unit nav to Sept 9 = approx; $18.45
mouserman wrote: Now showing only a loss of 15 cents since AUg 30... and a nice bounce back in the US stocks, altho all are still down since the update. FTN commons closed the day @ $8.19 and seems a nice discount with so much time left until ex divvy date. I waded back in and bought some today. 

LOL may have jumped the gun buying yesterday... a lot of weakness in the financials, US holdings  look worse than CAD , but USD gaining back vs CAD today as well. At any rate will continue to monitor and average down.. as I think the safer split funds with  the bigger  cushions above the 15 $ threshhold will fare the best in further downside.
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