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 unit nav to May 10 = approx; $18.45

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Post by mouserman on May 10, 2024 4:45pm

FTN unit nav to May 10 = approx; $18.45

Spreadsheet showing a gain of 53 cents despite the CAD/USD exchange hurting the valuations of the US holdings. Last trade @ $8.27 leaves a discount of 18 cents.... seems to be a lot of sellers in this name, keeping a lid on the price. Annual yield of 18.24 % you would think should give a bit of premium. Nearly 3.5 $ of safety.

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Comment by Golferman on May 10, 2024 4:47pm

Thanks Mouserman... have a great weekend. Golferman

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Comment by Toppicks1 on May 11, 2024 10:54am

Shorts still have a couple weeks to swing in their favour. Even a 3% premium would trade at 8.70....

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Comment by Experienced on May 12, 2024 1:22pm

Yep Mouserman... You would know better than me but it seems to me that there are more splits trading close to...or below NAV these days. Or people who invest om splits getting smarter? Beats me but for sure less premium = higher yields and less risk of the SP going down if the premium collapses

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Financial 15 Split Corp