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 Aug 8 = approx: $17.62

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Post by mouserman on Aug 08, 2024 4:29pm

FTN unit nav to Aug 8 = approx: $17.62

So spreadsheet now showing a loss of 95 cents since JULY 31 , and not one stock in the fund, is within a % of where it was on that date. WFC and C are still down 11 % even after the mini rebound.
CAD not helping as it closed today @ 72.85 cents USD... up again.
But didnt stop folks from reloading, and really this is one of the safer splits and deserves a bit of a premium. I dont own it anymore, can wait a few weeks and see where the markets are headed.
Common shares are worth about $7.62 , and last trade @ $7.90 only shows a 28 cent premium.

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Comment by Golferman on Aug 08, 2024 5:00pm

Thanks Mouserman.... I as well sold last week but reloaded on Tuesday on the big drop. I do see financials doing well for the next couple of months with the anticipation of a rate cut in September.

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Financial 15 Split Corp