Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

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 IN REALTIME @ approx: $18.38

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Post by mousermanon Sep 13, 2024 2:14pm

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FTN UNIT NAV IN REALTIME @ approx: $18.38

Showing the loss as only 20 cents now since AUg 30 as FTN slowly crawls back towards a positive move for september. CAD stocks have performed well, but US holdings have really been disappointing after negative commnets from JPM and GS. FTN commons are valued here @ about $8.38 currently and the last trade on commons still at a discount at only $8.25. Lots of money going towards risky split fund common plays that have big discounts . AND bigger yields if they continue to pay.

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