Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

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

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... see more

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TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit NAV jumps to $22 to OCT 15

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Post by mouserman on Oct 15, 2021 8:03pm

FTN unit NAV jumps to $22 to OCT 15

Big day for FTN and FFN, as the US banks made huge moves back up.
FTN now has gained 68 cents since the sept 30 update, so should show a value of 12 dollars for the commons , on next weeks update.
Discount now would be .64 or about 5.3%

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Comment by PileOfShit on Oct 19, 2021 5:23pm

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Comment by navgod on Oct 19, 2021 5:56pm

POS please clarify I have FTN nav 11.32 on sep 30 so mouserman est. is out by a penny. Great analysis of a nonevent, better luck next time.

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Comment by navgod on Oct 19, 2021 6:09pm

Mouserman correctly adjusted for distribution - sometimes the correct explanation is the simplest.

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Comment by PileOfShit on Oct 19, 2021 7:11pm

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Comment by alder on Oct 19, 2021 7:12pm

POS you are very wrong. Let's use actual NAV numbers from the Quadravest site : Sept 30 = NAV = $21.32 Oct 15 = NAV = $21.99 Actual change in NAV as determined by Quadravest = $0.67 On Oct 15, mouserman predicted an increase in NAV between Sept 30 and Oct 15 ...more

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Comment by PileOfShit on Oct 19, 2021 7:38pm

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Comment by alder on Oct 19, 2021 8:21pm

Obviously you are wrong AGAIN. I did record the Sept 15 NAV from the Quadravest site, and it was $21.32 (I've recorded all NAVs for many months). Just in case that is not clear to you, I did not derive the $21.31 from a subtraction of 68 cents from $12.00. I do not gaslight ! I have no idea why there is a difference between the Canadian Prefered shares site and Quadravest. I,and ...more

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Comment by PileOfShit on Oct 19, 2021 7:30pm

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Comment by navgod on Oct 19, 2021 9:00pm

POS the sept 30th NAV was 21.51 before paying ditributions of .18195 which Quad then quoted as (wait for it) 21.32. you will have to ask Quad when it wasn't 21.33. I can see after this thread that a daily NAV might do you a lot of good. I would settle for a historical NAVs file which shouln't cost anything.

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