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 in realtime @ $17.96

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Post by mouserman on Mar 05, 2024 11:01am

FTN in realtime @ $17.96

Was easy to figure the UNIT NAV as holdings list was basically unchanged from JAn 31. Also the USD exchange is even with FEB 29 number.
Discount here is about 26 cents or so. Seems Brompton isnt the only split fund company that has discounted common shares.
FTN, FFN and LFE are all at a discount today. BK and DFN trade at premiums.

165

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Comment by Golferman on Mar 05, 2024 11:42am

I haven't seen this large of a share price discount to the NAV as long as I have been invested in FTN. I would not be suprised to see the NAV by the end of day today over $18.00+ I also agree that by ex-day this month we should break the $8.00 resistance with FTN. Golferman

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Comment by Richou77 on Mar 05, 2024 12:22pm

If we use $10, FTN trade at premium but if we use the real value of the preferred FTN.PR.A at $10.23, there is no premium. Which is the real value to use?

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Comment by mouserman on Mar 05, 2024 12:44pm

The real value of preferreds is pegged @ 10$ doesn't matter where it trades. When Quadravest gives the month end NAV of the commons it is the Unit NAV minus 10$ for preferred.

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