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 > FTN guesstimate to OCT 2 = $15.88 UNI NAV

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Post by mouserman on Oct 02, 2023 4:49pm

FTN guesstimate to OCT 2 = $15.88 UNI NAV

That is after distributions , so commons now with a value of $5.88 or so. Will know more when we see the cash postion etc... At any rate the premium now only 37 cents with the last trade @$6.25 or about 6.3%$. I would imagine we will see some buying as we near the 15th cutoff for distributions if FTN is still above the threshhold for paying.

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Comment by rixpix on Oct 02, 2023 4:53pm

And what price is that threshold?

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Comment by Eoj123 on Oct 02, 2023 4:58pm

Google is your friend, https://www.bromptongroup.com/wp-content/uploads/2018/11/Brompton_Funds_DGS_FundProfile.pdf (2) No distributions will be paid on the Class A Shares if (i) the distributions payable on the Preferred Shares are in arrears, or (ii) in respect of a cash distribution, after the payment of a cash distribution by the Company the NAV per Unit would be less than $15.00.

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