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 > Quadravest updates full monthend.

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Post by mouserman on Nov 08, 2024 3:03pm

Quadravest updates full monthend.

So cash position increased to 17% and was likely the result of managers raising cash thru covered calls. US holdings were down to 40% in this update vs 43% for Cad holdings.
At the current exchange and with the updated numbers , FTN unit nav has gained $1.03 since OCt 31, with the US holdings bouncing up and CAD holdings started to rise up again. For sure an incredibly big discount on these, ( FFN as well) and i think fear of the unknown regarding the election has caused a lot of angst.

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