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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

Post by mousermanon Nov 05, 2024 4:49pm
143 Views
Post# 36297727

FTN UNIT NAV to Nov 5 = approx; $19.32

FTN UNIT NAV to Nov 5 = approx; $19.32My spreadsheet showing a gain of about 8 cents since the update OCT 31..
Last sale @ $8.65 shows a huge DISCOUNT... of 67 cents , or about  7.2 %.
Must be a lot of fear  for the banks ...  LCS has a 9 % discount, with  an even higher UNIT NAV
( $19.58 ) so , i guess lifecos are balled in with the banks..
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