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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 in realtime @ $19.65
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Post by mousermanon Oct 17, 2024 10:23am
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Post# 36269847

FTN unit nav in realtime @ $19.65

FTN unit nav in realtime @ $19.65Showing a gain of 25 cents since the 15th of OCt..
Last sale @ $8.79 does look attractive with so much safety above the threshhold for paying to commons. The discount then 86 cents as common shares would have a value of about $9.65 before distributions. A few weeks away from worrying about those. Discount would 8.9 % if my spreadsheet is close.
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