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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Financial 15 Split Corp > FTN unit nav in realtime @ $18.84

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Post by mouserman on Sep 19, 2024 11:58am

FTN unit nav in realtime @ $18.84

Spreadsheet now suddenly showing a gain of 47 cents since the sept 13 update... and now has the biggest gain since that date in the Quadravest funds.. big difference in 2 days...
FTN commons still not the favorite discounted Split fund common tho.. buyers having a hard time keeping up with the gains. Last sale at $8.40 leaves those shares trading at a 44 cent discount. or about 4.9%

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Comment by Golferman on Sep 19, 2024 2:05pm

Yes great buy added more today at 8.36. Golferman

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Comment by Golferman on Sep 19, 2024 2:30pm

I have the NAV now trading around $8.90 @ 2:29PM..... big discount hard to believe it is trading so low. Golferman

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Comment by mouserman on Sep 19, 2024 3:50pm

Unfortunately there are so many undervalued split fund commons, that FTN doesnt get the attention it should. IF the market would have dropped after the FED cut rates bigger than normal... FTN would be trading at NAV and these others that are closer to the 15$ threshhold would not be getting buys. DGS trading at a premium , even tho its been a laggard the past month, basically its NAV went ...more

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