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 > share offering

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Post by oldbutwise on Sep 20, 2024 11:16am

share offering

Can someone refresh my memory as to the restriction on when Quadravest can make an new offering...if there is a discount or the opposite? Thanks.

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Comment by mouserman on Sep 20, 2024 11:52am

Quadravest ahs nt been employing offerings much, since the instituted the ATM ( at the Market) program, where they can simply sell big lots of shares from the treasury at the previaling market price. Not sure if part of that is restricted by shares being at a discount. Normally offerings could only be made when there is a significant premium to NAV..

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