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 in realtime = approx: $17.40

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Post by mouserman on Aug 07, 2024 1:18pm

FTN unit nav in realtime = approx: $17.40

Holdings are pulling back and USD falling further vs CAD... Commons now with a value of about $7.40 .. here . premium about 42 cents at last sale. so only about 5.6%

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Comment by Snowsnake on Aug 07, 2024 2:17pm

Ho much of a premium do you think it will take to trigger an offering?

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Comment by mouserman on Aug 07, 2024 3:57pm

Normally it would be done at 10% or better, but in this market it may be a tough sell... Doubt we see one real soon, but not a bad idea if they can swing it. FTN may be near a high for the year, good time to lock in the gain provided by selling UNITS at a premium. Will see where the markets head this fall, but too many bulls / FED /Govt stats, out there saying everything is fine. ...more

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Financial 15 Split Corp