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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Financial 15 Split Corp > FTN unit nav to April 4 = approx: $18.06

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Post by mouserman on Apr 04, 2024 4:47pm

FTN unit nav to April 4 = approx: $18.06

Spreadsheet showing a loss of 33 cents today, and basically was no need to change the USD/CAD exchange rate as at March 28.
Commons would have a value of $8.06 here. Discount is now gone with the last trade today @ $8.09

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Comment by JimBoSS on Apr 05, 2024 10:04am

Thank you for sharing your NAV updates and analysis on a regular basis, it is appreciated. Question: Your Apr 3 est was $18.24. Apr 4 est was $18.06. Difference down $0.18. yet your message states a loss of $0.33.? Why the difference? Also, the funds underlying stock value didn't appear to drop that much, maybe down only 0.3%. so why such a drop in the NAV? Thanks

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Comment by FatTraderDude01 on Apr 05, 2024 11:40am

Just thinking the loss may be compared to the March 28th NAV.... FTN unit nav to March 28 = approx: $18.41 AFTER dist.

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Comment by mouserman on Apr 05, 2024 1:00pm

yes sorry i suppose it isnt clear for those who have just started to watch these. I always state the UNIT NAV gain or loss since the last update, which was March 28.

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Financial 15 Split Corp