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 30 after dist. = $18.69

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Comment by mousermanon Oct 03, 2024 9:32am

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RE:FTN unit nav to Sept 30 after dist. = $18.69

mouserman wrote: So the gain was nearly 53 cents since the Sept 13 update and decucting over 20 cents in dist. my guess comes in @ $8.69 as far as value of the FTN common shares after distributions.
Last sale @ $8.37 shows FTN discounted by 32 cents now... as the shares bounced up before the close.

Quadravest updates to SEPT 30 and After distributions the UNIT NAV was $18.66

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