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 > Not too worried about overnight offering

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Post by EdPaquette on Jan 09, 2023 12:40pm

Not too worried about overnight offering

DFN and BK seem much more likely to have an offering.

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Comment by mouserman on Jan 09, 2023 2:03pm

I agree , definitely more likely on DFN as i am sure by now there are less preferreds out than commons, with the ATM program running. AND a 35 to 40% premium of late is as good as it gets for doing an offering and not being dilutive. However FTN never seems to get to even a 25 % premium it seems, and last time the premium jumped above 15% in August they did an offering. That was also ...more

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Comment by lsrasr on Jan 10, 2023 1:46pm

do you think the offering potential for FTN and BK is greater than DFN because of the market cap differential. DFN has the biggest market cap and volume of the three. FTN and BK are less than 1/2 the market cap of DFN.

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