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

Add To Watchlist

TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN UNIT NAV to June 28 = approx; $18.16

View:

Post by mouserman on Jun 28, 2024 4:24pm

FTN UNIT NAV to June 28 = approx; $18.16

So if the spreadsheet is close, then FTN will have gained about 38 cents since the midmonth update. Strong finish to the month for both the US financials and the CAD.
After distributions of 20 cents ( commons plus preferreds) the commons shares of FTN would be valued at about $7.96. Last trade today was at $8.16, so a very small premium of 20 cents for this split fund common. Works out to 2.5%. One of the better buys in the split fund space, for value, safety and yield.

256

Comment

Comment by Golferman on Jul 01, 2024 9:56am

WOW..... the US financials are are up huge today... I'm sure all raising their dividend helped. To bad the Canadian market is closed. Tuesday should be a big day for the NAV and share price. Golferman

121

Comment

Financial 15 Split Corp