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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Financial 15 Split Corp > CAD again getting trashed

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Post by mouserman on Nov 03, 2022 10:04am

CAD again getting trashed

So CAD now down over 1.3% since hallowe'en. Good for US holdings in FTN, but really only good will be our products produced here will be cheaper for other countries to buy.
likely the UNIT Nav now is back to about Oct 31 level. At the close yesterday I estimated the UNIT NAV to be $18.17 up about 6 cents , mostly due to gains by the top 4 holdings.

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Comment by mouserman on Nov 04, 2022 9:31am

Wow, so that thrashing of our $ has completely reversed course today and CAD in bumping up against 74 cents USD after a low of 72.3 or so yesterday. will definitely affect the US holdings NAV but should send CAD overall markets higher. Good news for GDP as wheat shipments and sales increased by 65% in September , bumping up our GDP. Inflation of course also increased sales price of wheat by a ...more

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