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

Add To Watchlist

TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit nav REAL time= approx: $19.59

View:

Post by mouserman on Oct 28, 2024 10:43am

FTN unit nav REAL time= approx: $19.59

Nice pop today as the financials looking really strong after the first hour of trade. FTN commons would be valued @ $9.39 here after dist. Last trade @ $8.93 means the discount on commons is 46 cents.. which seems excessive with so much safety. Seems on up days, investors and traders migrate to the discounted, higher yielding ones that have less safety. FFN has actually gained more in UNIT NAV since OCT 15 with a much lower UNIT NAV base... FTN gain since OCT 15 is 24 cents at this point in time and FFN is just over 30 cents, with the highest yield amongst the split funds commons that i track at 20%.

138