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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 to OCt 28 before dist. = approx: $19.65
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Post by mousermanon Oct 28, 2024 5:23pm
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Post# 36285821

FTN unit nav to OCt 28 before dist. = approx: $19.65

FTN unit nav to OCt 28 before dist. = approx: $19.65Showing a gain of 30 cents since the OCt 15th update. If that is accurate after dist. the commons would be valued at $ 9.45, and the last trade @ $8.96 means the discount is  49 cents or about 5.2%
Seems like it should be safe til the new year at least , unless we see a huge crash..
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