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 Nov 08, 2024 12:40pm

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Post# 36303482

FTN unit nav in real time @ $20.24

Sp the gain is exactly a dollar for FTN , which is the same gain since OCt 31 as FFN at this specific point in time. Of course we need to see the full month-end update from Quadravest.. likely after the clsoe today , but many times it comes about 3 days before the midmonth udpate.

CAD holdings look very red today, with only GWO in green. US banks all green and USD gaining vs CAD.

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