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 > Realtime NAV for FTN is approx:$ 22.96

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Post by mouserman on Feb 08, 2022 12:18pm

Realtime NAV for FTN is approx:$ 22.96

huge discount to nav today... with the last sale @ $12.27

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Comment by Donwaan on Feb 09, 2022 10:40am

Why the huge discount? Such a big gap seems unwarranted.

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Comment by JohnWalker on Feb 09, 2022 11:05am

Not enough yield for the "yield chasers" compared to FFN and LFE.

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Comment by mouserman on Feb 09, 2022 5:49pm

Yes the yield is only just over half of LFE, which also trades at a big discount % wise... FTN gained another penny in unit NAV, i have them @ $22.97 for UNIT NAV , up 88 cents since the JAN 31 update. FFN is trading right at NAV with a yield of 17.5% or so, and definitely we are seeing yield chasing in this risk-on market. DF trades at a premium, as does DGS. But outside of those 2 i believe the ...more

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Financial 15 Split Corp