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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 > Average share price discount
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Comment by deisman03on Jan 19, 2025 3:48am
69 Views
Post# 36410798

RE:RE:Average share price discount

RE:RE:Average share price discountI don't see why people expect to see a "premium" paid for common units?

You're being paid to take the extra risk with an increased distribution, some of which is ROI, and when times are bad, the distribution being waived, until they get better. 

You're making your "capital gain" every month in the distribution. 

That's why I don't believe these investment vehicles were ever intended to trade at a "premium" to NAV. 

I can understand them trading at NAV or maybe a percent or two above, below, but anything else means there is an underlying sentiment or issue not readily visible. 

This is just IMHO of course. 

GLTA the good folks here
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