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= approx; $20.38

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Nov 06, 2024 3:19pm

125 Views

Post# 36299470

FTN unit nav in realtime= approx; $20.38

Spreadsheet showing a gain of $1.14 since PCT 31 now... what a ride upwards today... I was really believing the NAV would drop end of day, but so far no drop to speak of, in fact has risen in the past hour. Last sale @ $8.96 means the discount is $1.42 !!! or about 13.6%... and amazingly there are a few other split fund commons with bigger discounts.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China