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Financial 15 Split Corp T.FTN

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

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

Comment by deisman03on Dec 29, 2024 7:19pm
150 Views
Post# 36380235

RE:RE:RE:Whilst I appreciate the banter and the updates on NAV etc

RE:RE:RE:Whilst I appreciate the banter and the updates on NAV etcIf you can't see the obvious patterns in any of these SPLITs???????????

Just bring up a chart and check out where they were 10-20 years ago and where they are now. What are you missing?

Then bring up the quarterly charts and look at the high/low patterns. Use something other than your cell phone. 

Usually, not always these splits will have a definite price top the day before ex distribution qualification day. Then at the close of day or next morning the price drops more than the distribution pays and as often as not continues to drop for another week or more. 

Picking up the SPLIT a few days to a week after teh ex distribution qualification date is usually, not always, the best time to buy back in. 

Don't look for a slam dunk, these swings aren't identical every month, and some months they don't even happen. 

Do some of your own "due diligence" Don't expect "someone else" to do it for you. 

The FTN segment of this site is lucky in that there are a few good folks here calculating NAV on a daily basis. This is interesting, but it shouldn't be what you buy or sell on. 

They can only figure out the NAV by the information they get on the SPLIT holdings and if they were figuring out the NAV of each individual holding, they wouldn't be trading and discussing it here. 

However, the information they give is relevant for "quick and dirty" trades and IMHO, it's why they go through the process. It's more of a "confirmation" than anything else. 

Some of the traders here follow other cycles, with longer duration times and overall sections of the market, such as the S&P swing cycles. Those are "indicators" not crystal balls. 

There are no investments that are 100% certain, unless you're doing something illegal. 

There may be the very odd "one off" out there with a perfect record, but even the biggest and most successful investors are happy with 60-65% success rates. 

GLTA the good folks here and hopefully the next few days will be profitable for you all in 2024. 

I have a feeling the first few weeks in Jan/25 are going to be extremely interesting. 
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