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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Financial 15 Split Corp > CIX # ftn

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Post by almic54 on Nov 25, 2024 12:51pm

CIX # ftn

Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. Top holdings by weight may include holdings other than the core holdings as 15% of the net asset value may be invested in equity securities other than the core holdings (as per the Prospectus)

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Comment by navgod on Nov 25, 2024 2:29pm

Go to the Quadravest website's FTN Documents and find the quarterly portfolio disclosure. As of the end of Aug top holding GS at 10.1% CIX 16th holding 0.4% . Don't let facts get in the way of a good story!

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Comment by mouserman on Nov 25, 2024 5:33pm

Given the gain in CIX stock since AUG i had the weighting @ .6 % on CIX.... so not a big gainer. UNIT NAV closed the day in the spreadsheet at $20.90 , with FTN gaining 28 cents since Nov 15th. Last sale at $10.23 means the discount is 4.3%.. getting closer to NAV all the time.

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