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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 17, 2024 10:38pm
163 Views
Post# 36270993

FTN unit nav to OCT 17 = approx: $19.56

FTN unit nav to OCT 17 = approx: $19.56So updated the UNIT NAV to $19.35 to OCt 15, was out 5 pennies on FTN.. not sure why, will see more at the end of the month, perhaps  weightings changed or went to a higher cash position. Which would be prudent imho.
SO the gain since OCt 15 is still up at 21 cents , very decent gains for 2 days. With the last trade @ $8.82 the discount is about 74 cents BEFORE distributions. Which works out to 7.7 %... Normally this would be a screaming buy....
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