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

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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