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 real time = approx; $20.63

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Nov 21, 2024 10:24am

91 Views

Post# 36323661

FTN unit nav real time = approx; $20.63

Now showing a penny gain since Nov 15th, and that values the common shares @ $10.63 BEFORE dist... Last sale @ $9.75 means it is discount 88 cents or about 8.27% . After distributions it would be of course less discouneted. But will wait until next week to give NAV after dist.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China