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 the only split fund common in my list thats red

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Post by mousermanon Sep 26, 2024 12:53pm

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Post# 36242526

FTN the only split fund common in my list thats red

So very weird to see, as I cant imagine FTN not being at a discount now... i believe every stock holding is up today. I do believe its last day to buy for the distributions, and many are discounted bigger and pay a higher yield. I note LCS has the biggest % gain today.. and strangely enough DGS has the 2nd biggest. DGS nowhere near the value that LCS has according to NAV.. DGS at a premium and LCS at a 7 % discount.
LFE getting ready to blow past DGS in UNIT NAV..

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From now on, dynaCERT instead of Bitcoin or NVIDIA?