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 has still gained $1.02 since update OCT31

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Comment by flamingogoldon Nov 11, 2024 9:37am

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Post# 36306358

RE:RE:RE:RE:FTN unit nav has still gained $1.02 since update OCT31

Trepidation. There is still a lot of cash sitting in deadend GICs and money markets. Recession fears continue to linger. I suspect we need to go much higher still to squeeze the harder core investors out of their bearskin coats and into a bullish one.

lewise20 wrote: They can give special dividend at end of the year either in cash or shares. This will move up the FTN FFN snd other split shares with big discounts closer to the NAV. Now why they are not trading to NAV anyone has a clue? I don't think it is the Shorts.

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