Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp > FTN realtime UNIT NAV @ approx; $$20.54 before dist..

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Dec 17, 2024 1:06pm

148 Views

Post# 36366524

RE:RE:RE:FTN realtime UNIT NAV @ approx; $$20.54 before dist..

Got that a bit backwards .. all the holdings except for MS are in FTN.. but 3 CAD lifecos are included with FTN mix. Anyways a 12% discount seems excessive for FTN, but just my value brain kicking in.
It may not turn out as good as we think. I do believe FFN is under 10% discount, but has a higher yield.

<< Previous

Bullboard Posts

Next >>

Today's Market Open | Futures Edge Higher Amid Key Jobs Data Anticipation