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 > An offering coming?

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Post by Donwaan on Feb 23, 2023 11:25am

An offering coming?

Is it realistic to expect there to be a FTN offering soon? The last one was in August 2022 and before that was in March.

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Comment by EdPaquette on Feb 23, 2023 11:56am

Yup, very strong chance in the next month or 2.

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Comment by Phil001 on Feb 23, 2023 7:12pm

What does that mean, an offering?

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Comment by mouserman on Feb 23, 2023 7:35pm

Offering means a financing by selling UNITS of the split fund. Underwriters flog the stock to investors and then get shares cheaper for being the salesmen. Normally the stock tanks a bit after until the underwriter selling is done.

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Financial 15 Split Corp