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 > Svb

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Post by bubba9 on Mar 12, 2023 8:27pm

Svb

What effect will the SVB collapse have on FTN ? I can't imagine they aren't in bed with many of ftn's assets

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Comment by Bigalex on Mar 13, 2023 11:01am

It's just confidence towards bank, if other bank run happens every bank will drop, we have some us Bank sith FTN

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Comment by mouserman on Mar 14, 2023 1:42pm

FITB had quite a bit of exposure to SVB, and we watched it fall bigtime in 2 days. FTN holds a small % in FITB.

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Comment by mouserman on Mar 14, 2023 2:42pm

Be very surprised if FTN keeps FITB on the holdings list. There are better bets out there.

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Comment by mouserman on Mar 14, 2023 2:48pm

Last sedar report for FTN, FITB was by far their smallest holding . CIX was next smallest but over triple the weighting of FITB, and CIX was only 1.2% of the NAV...

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Financial 15 Split Corp