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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

TSX:FTN - Post Discussion

Financial 15 Split Corp > Hmmm... Is Quadravest "Leading" the price decline??
View:
Post by Howard46 on Sep 01, 2023 11:16am

Hmmm... Is Quadravest "Leading" the price decline??

Better for their Buy-Back

https://finance.yahoo.com/news/north-american-financial-15-split-113000736.html
Comment by navgod on Sep 01, 2023 11:39am
Come on man! By now everyone and I mean everyone should know that a buy-back can not take place at premium to NAV! This is largely a correction to the elevated premium FTN has had nothing more nothing less also a chance of a mistimed ATM issue. FYI have covered half my short. GLTA
Comment by Investability00 on Sep 01, 2023 12:25pm
I guessed it was about time for shorts to cover this morning, so I picked up some. It's a great price. The banks will recover in the next 3 months I feel.
Comment by Howard46 on Sep 01, 2023 2:48pm
Guess some of us have different source info. At least it is interpreted differently. Not familiar with your rule that a Buy-Back "Cannot" take place at a premium to NAV https://www.santander.com/en/stories/share-buyback
Comment by kurtwalter on Sep 01, 2023 4:00pm
Why would FTN buy back at a premium? Anyway, buy back program is over, ended in May
Comment by navgod on Sep 01, 2023 4:28pm
Oh they have an new one  but it will never be used unlles FTN really hit the skids
Comment by navgod on Sep 01, 2023 4:26pm
This post has been removed in accordance with Community Policy
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