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 in realtime = Approx; $15.61 before dist.

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Post by mouserman on Oct 26, 2023 2:30pm

FTN unit nav in realtime = Approx; $15.61 before dist.

Commons today at this moment in time, have a value of about 5.42 after distributions.
6.01 the last trade means the premium is about 40 cents AFTER distributions. Premium would be 7.3 % at this point.

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Comment by mouserman on Oct 26, 2023 2:34pm

OOPS premium would be around 11% after distributions are paid. Big yield here if things do turn around for a while. Used to be there would dividend pigs all over this at this level of premium and the yield near 25%

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Financial 15 Split Corp