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 30 = approx; $18.80

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Post by mouserman on Aug 30, 2024 4:14pm

FTN unit nav to AUg 30 = approx; $18.80

Showing a gain of just over 62 cents since the 15th. Nice rebound day, and quite often ex divvy date is a buying op in an upward market.
FTN commons are now valued at about $8.60 after dist.. so nicely dicounted for where it trades. Last sale @ $8.26

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Comment by Golferman on Aug 30, 2024 4:27pm

Thanks Mouserman .... I get the same $8.60 after distributions for the commons ..... the share price is a good discount. With a rate cut coming within the next 30 days from the FED I do see the NAV continuing to increase in price.

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Financial 15 Split Corp