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 > Holdings pulling back at noon CST

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Post by mousermanon Dec 19, 2024 1:11pm

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Post# 36370631

Holdings pulling back at noon CST

So have a few low stink bids in.. maybe get hit. Still not sure why we are seeing these huge discounts. First time for everything i suppose. Just so many years where I watched big premiums for split fund that pay to commons, and many times without near the safety FTN has right now.
At one point DFN had a 40 % premium, not so long ago.. and the commons NAV was only around $7.50 back then. It did turn out to be a great shortsell opportunity tho..

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