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 officially at a discount.,UNIT NAV @ $17.24 to DEC 13

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Post by mouserman on Dec 13, 2023 4:10pm

FTN officially at a discount.,UNIT NAV @ $17.24 to DEC 13

So with the last sale @ $7.18 that means FTN is trading at a 6 cent discount , before distributions are factored in.
Joins LCS as the only 2 paying splits to trade at a discount. DFN and DGS may join the club if they make the cut friday and continue to trade about where they are now.

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Comment by Golferman on Dec 13, 2023 4:17pm

All I can say is WOW.... what a day!!! l may add more tomorrow.... can't remember last time I saw FTN trade at a discount. Golferman

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Comment by Golferman on Dec 13, 2023 4:31pm

With the NAV at $7.24...... if we had just a 10% premium that would give us a stock price of $7.96.....that is very reasonable to expect with this NAV. Looking now for over $8.00 before ex day. Golferman

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Financial 15 Split Corp