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

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TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN unit nav to OCt 28 before dist. = approx: $19.65

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Post by mouserman on Oct 28, 2024 5:23pm

FTN unit nav to OCt 28 before dist. = approx: $19.65

Showing a gain of 30 cents since the OCt 15th update. If that is accurate after dist. the commons would be valued at $ 9.45, and the last trade @ $8.96 means the discount is 49 cents or about 5.2%
Seems like it should be safe til the new year at least , unless we see a huge crash..

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Comment by Golferman on Oct 28, 2024 5:51pm

Thanks Mouseman I have the same NAV..... lots of safety even after distributions. This week should give us a good indication on where the S&P is heading 6200+ or time for a pullback.

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Financial 15 Split Corp