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 > Sell off contiues today - NAV down

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Post by Golferman on Aug 05, 2024 10:02am

Sell off contiues today - NAV down

BIg drop again in the NAV for FTN, today I have the NAV around $17.25 and $7.25 for the commons..... this does not include the Canadian banks which are selling off on the US side.

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Comment by mouserman on Aug 05, 2024 11:59am

One positive it that FTN had 13 % cash at last report, and that makes its NAV safer than that of FFN, which only had 65 IN CASH on the last full update. Will know more about the weightings and cash in a few days. For now nearly everything is going down,....margin calls and stoplosses exagerrate losses sometimes.

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