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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
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Post by mousermanon Oct 03, 2024 4:41pm
162 Views
Post# 36252308

FTN UNIT closes the day @ 18.48 UNIT NAV.

FTN UNIT closes the day @ 18.48 UNIT NAV.Still showed a loss of 18 cents on the unit nav. FTN Commons would be valued @ $8.48 AFTER dist. 
discount is small compared to the likes of LBS,LCS and DF...
Looks as tho FFN finished the day with a value of about $5.90 and the close was $5.92.. big yield has the yield chasers buying. Tiny premium.. and not may splitfund commons paying , who carry a premium at this time.
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