Bullboard - Stock Discussion Forum Us Financial 15 Split Corp T.FTU

Alternate Symbol(s): T.FTU.PR.B | FTUXP

US Financial 15 Split Corp. is a mutual fund. The Company invests in an actively managed portfolio of common shares composed primarily of 15 core large capitalization United States financial services companies. The Company’s objectives in managing its capital are to provide holders of Preferred shares with a cumulative preferential monthly dividend at an annualized rate of 10% based on the net... see more

Add To Watchlist

Bullboard (TSX:FTU)

View:

(193)
•••

Comment by NoShoesNoShirton Feb 06, 2025 2:39pm

RE:NAV of 8.57 after dist.

I just added 10,000 more shares at .66. The quote showed (1), so 100 shares available for .66. But I instantly bought 10,000 at that price, so there are hidden ones available.

(61)
•••

Post by elonmuskrat247on Feb 06, 2025 1:00pm

NAV of 8.57 after dist.

And 7.125 % discount at 8.00 share price with 10% preferred cumulative distribution. I like it.

(193)
•••

Comment by NoShoesNoShirton Jan 17, 2025 1:58pm

RE:RE:RE:Ftu.B at $7.80 is about 7.5% below..

Nav here is rising as fast or faster than FFN. Quadravest releases valuations tonight, and this will jump next week.

(0)
•••

Post by PressReleaseon Dec 19, 2024 9:00am

New Press Release - US FINANCIAL 15 SPLIT CORP. Preferred Dividend Declared

TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.06975 for each Preferred share, or 10.00% annually based on the previous month end net asset value. Distributions are payable January 10, 2025 to shareholders on...read article.

(61)
•••

Comment by elonmuskrat247on Dec 09, 2024 6:17pm

RE:RE:Ftu.B at $7.80 is about 7.5% below..

Ok. Barring the repeat of the great depression, I will take my chances with cumulative preferred distributions of Ftu. B. over a 4% gic. Sound better?

(193)
•••

Comment by NoShoesNoShirton Dec 09, 2024 5:45pm

RE:Ftu.B at $7.80 is about 7.5% below..

In which investment are you guaranteed anything? In 1929 the market fell by 89% over 3 years. Ftu would be broke in no time.

(61)
•••

Post by elonmuskrat247on Dec 09, 2024 5:34pm

Ftu.B at $7.80 is about 7.5% below..

Nav of $8.43 and currently pays 10.807% guaranteed monthly distributions for the next 6 years.

(19)
•••

Comment by Higherhopes2020on Dec 04, 2024 8:52am

RE:RE:FTU.PR.B NAV $8.28 as of nov 15th

NAV is $8.43 as of nov 29th. I like the disribution over 10%.

(19)
•••

Comment by Higherhopes2020on Nov 29, 2024 9:30am

RE:RE:FTU.PR.B NAV $8.28 as of nov 15th

Thanks for the info. Its great. Then I willl hold my 6k till NAV is $10. I need to replace some GICs coming due shortly as well.

(61)
•••

Comment by elonmuskrat247on Nov 29, 2024 9:04am

RE:FTU.PR.B NAV $8.28 as of nov 15th

Pays 10.725% at 7.72 market price, 10% at 8.28 NAV. Distributuion is always 10% of NAV, as it changes so does the distribution. Max's out at 10% of $10 NAV. 0.0833333/month, if it gets to $10 NAV.