Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN.P.A

Primary Symbol: T.FTN Alternate Symbol(s): 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 April 26 = approx: $18.21

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Post by mouserman on Apr 26, 2024 4:53pm

FTN unit nav to April 26 = approx: $18.21

Looking at a gain of about 41 cents since the update. FTN commons trading very near the NAV before distributions. Not paying any big premium like with DGS or DFN...
But payouts to preferred and commons are much bigger with FTN and perhaps that is a drag on the fund now. USD down vs CAD maybe as well.

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Comment by Experienced on Apr 28, 2024 4:42pm

Your comment on the higher payouts For FTN compared to say DGS might be valid but on the otherhand, many of the holdings of say - DGS have pretty low dividend yields conpared to the holdings of FTN. IMO, FTN has more than sufficient dividend income to payout for the preferreds and probably has some left over to help out with the payouts on the commons. Not so sure this is the case with ...more

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Financial 15 Split Corp