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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

TSX:FTN - Post Discussion

Financial 15 Split Corp > FRTN UNIT NAV to FEb 12 = approx; $17.36
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Post by mouserman on Feb 12, 2024 4:07pm

FRTN UNIT NAV to FEb 12 = approx; $17.36

So the stocks are back to the level of JAN 31 , and because of that level, the new weighting had almost no effect. C and WFC went ex divvy so those were added in. Last trade @ $7.57 means the premium now only 21 cents , so under 3%. I see ANON is the big seller over the past month, and usually that means some shortselling.
Comment by FatTraderDude01 on Feb 13, 2024 1:47am
Short sellers expect a 21 cent or more drop on a split that is paying with plenty of buffer???   I don't know if Tuesday's CPI numbers are enough to tip the scales  "The Fed will be first be looking for a low CPI increase. A 0.3% rise will be broadly acceptable, but a lower result would be incrementally more likely to accelerate an interest rate cut."   ...more  
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