Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

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 > Why the massive drop today?

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Post by Inglewood on Sep 28, 2023 11:36am

Why the massive drop today?

The ex-div drop is not surprising.. but the drop from yeserday's close (7.34) is almost double the ex-div amount! And it seems like most of the holdings are in the green too!

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Comment by es25 on Sep 28, 2023 11:47am

It could be manipulation like we had a couple of weeks ago.

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Comment by vhood1 on Sep 28, 2023 12:10pm

I won't touch this until it is trading at a discount to NAV. That probably won't happen until they stop paying the dividend. That is still not a certainty. I am buying DFN instead. That is currently trading at around 10% discount to nav.

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Comment by jeanstk on Sep 28, 2023 2:24pm

I'd stay away from DFN. FNN yield is very interesting.

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Comment by jeanstk on Sep 28, 2023 2:25pm

I met FTN.

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Comment by mouserman on Sep 28, 2023 2:07pm

The total distributions payout for FTN is around 19 cents , so it is about 10 cents more than the distributions. However this may be just a deadcat bounce, and the selling in the financials may return with a vengence... US debt ceiling needs ot be raised AGAIN, or a govt shutdown coming. BUT yeah keep sending money to the UKRIANE to blow up billions of taxpayers money in a useless war , that ...more

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