Financial 15 Split Corp FNNCF

Primary Symbol: T.FTN Alternate Symbol(s): T.FTN.P.A

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 to AUG 10 = approx: $18.33

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Comment by mousermanon Aug 11, 2022 10:11am

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Post# 34888032

RE:FTN unit NAV to AUG 10 = approx: $18.33

Shortsellers should begin the scramble today.... as the premium falls to below 10%....
FTN has the biggest monetary gain since JULY 29 of any of the split fund commons, at this point in time. DID not see a huge rally coming after a slightly lower inflation number from the US.
But i will take it , as FTN still my biggest holding.'

mouserman wrote: So FTN now has gained 37 cents since the JULY 29 update, biggest monetary move up of all the split funds i watch. Premium now is 87 cents at the close of $9.20 ,and that works out to 10.44 %... value keeps getting lower. ANON has been a very aggressive seller, and i believe they are shortselling on hopes of the eventual offering that could be in the works. I would be very surprised to see that happen at the current level of the premium., so these shorties could be shocked after selling it short at these levels only the see the offering happen at a 20% premium in a few weeks.

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