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 unit nav to April 22 = approx: $18.14

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Post by mouserman on Apr 22, 2024 4:56pm

FTN unit nav to April 22 = approx: $18.14

Spreadsheet now showing a gain of about 34 cents since the 15th of April update.
Before distributions the common shares of FTN would be trading at a discount of 12 cents , as the last sale today was $8.02... i was buying some there. Sold my FTN preferreds @ $10.20 and a nice gain, but with the ex divvy date just a week away or so, FTN looks a lot tastier at these levels.
Would have been higher UNIT NAV had the CAD not gained and finished the day @ 73 cents US.

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