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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

TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit nav in realtime @ approx: $19.56
View:
Post by mouserman on Oct 16, 2024 1:53pm

FTN unit nav in realtime @ approx: $19.56

Showing a gain of 16 cents on the updated spreadsheet. Have the estimated nav  in the spreadsheet set to record gains since the 15th of OCT. Last trade @ $8.73 means the discount is now 83 cents and that is about 8.7 %. Historically only saw discounts on commons  like this when  split funds  were under the 15$ threshhold.
Only DGS of those i follow was at a premium. And today FFN  will have passed DGS in UNIT NAV.
Comment by Golferman on Oct 16, 2024 2:05pm
Thanks mouserman...... I believe we may see a test of the $9.00 mark before record day at the end of October. 
Comment by Golferman on Oct 16, 2024 2:09pm
To clarify- A test or break of the FTN common share price @ $9.00.... as it is trading at such a big discount. 
Comment by Stoiklaugh on Oct 16, 2024 3:38pm
Darn, Someone seems to be liquidating at 8.73 and it is stalled there!!
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