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 company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with... see more

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TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit nav to Sept 14 th = approx: $16.83

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Post by mouserman on Sep 14, 2023 4:10pm

FTN unit nav to Sept 14 th = approx: $16.83

So now FTN showing about a 33 cent gain since the AUG 31 report. Quite a recovery from the sell off last week. Commons have a value of $6.83 or so.
Premium today would be about 96 cents at the closing price of $7.79 on the commons. Works out to a premium of 14 %. Very respectable premium in a upbeat market, like we had today.

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