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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 > FTN UNIT NAV to FEB 23 = approx: $17.85
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Post by mouserman on Feb 23, 2024 4:32pm

FTN UNIT NAV to FEB 23 = approx: $17.85

So spreadsheet showing a gain of around 24 cents since FEB 15.. some nice moves up in the biggest holdings today. 
Last trade @ $7.86 gives no premium at all BEFORE dist....
Comment by Golferman on Feb 23, 2024 5:16pm
Monday and Tuesday should be good green days for the share price .... as I can't remember a previous ex-day that we didn't have share price premium. As I said earlier let's see a break $8.00... we are due.  Golferman   
Comment by mouserman on Feb 24, 2024 12:03pm
As i posted earlier, having a lot of safety and decent yield near 205 would historically give you quite a premium. But right now a kind of phenomenom where some split funds are suddenly breaching the 15$  UNIT NAV and paying to commons, with yields that would be much higher if they were to stay above the level. DF looks as tho it may make the cut this month, FFN ,LFE have already, and DGS ...more  
Comment by mouserman on Feb 24, 2024 12:04pm
Oops first line should read "a decent yield near 20%" . More fatfinger typing. Getting worse with old age...lol