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Indiva Reports Fiscal Year 2023 Results Including Record Positive EBITDA and Income (click to learn more)
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Bullboard - Stock Discussion Forum Us Financial 15 Split Corp T.FTU

Alternate Symbol(s):  T.FTU.P.B

In order to supplement the dividends received on the portfolio and to reduce risk, the Company will from time to time write covered call options in respect of some or all of the common shares in the portfolio. US Financial 15 Split Corp. invests primarily in a portfolio of commons shares which will include each of the following U.S. financial services companies listed below: American Express... see more

TSX:FTU - Post Discussion

Us Financial 15 Split Corp > FTU.PR.B Redeemable value upon termination
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Post by ClydeTower on Apr 19, 2022 10:45am

FTU.PR.B Redeemable value upon termination

Although Quadravest's website says they will pay holders the 10$ notional issue price in the event the the fund is terminated on DEC-1-2024, I would imagine they could not pay more than its NAV which is currently 7.47$. Any thoughts on this?
Comment by EdPaquette on Apr 19, 2022 11:26am
Yes, those are true but in reality quadravest will just renew the term 5 more years, possibly adjusting rates.
Comment by PileOfShit on Apr 22, 2022 12:02am
This post has been removed in accordance with Community Policy
Us Financial 15 Split Corp