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The latest announcement is out from Financial 15 Split Corp ( (TSE:FTN) ).
Financial 15 Split Corp. has completed an overnight offering of its Preferred Shares, raising gross proceeds of $92.2 million, with the shares continuing to trade on the Toronto Stock Exchange under the symbol FTN.PR.A. The capital will be deployed into the firm’s actively managed portfolio of major Canadian and U.S. financial institutions, and the preferred shares are structured to provide fixed, cumulative monthly dividends at an annual rate of 7.25% effective December 1, 2025, subject to a minimum 6.00% rate until 2030, along with a targeted $10.00 per share payout around the current scheduled termination date of December 1, 2030, which may be extended in five-year increments.
The most recent analyst rating on (TSE:FTN) stock is a Hold with a C$12.00 price target. To see the full list of analyst forecasts on Financial 15 Split Corp stock, see the TSE:FTN Stock Forecast page.
Spark’s Take on TSE:FTN Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTN is a Neutral.
The score is held back primarily by weak and consistently negative operating/free cash flow despite strong recent profitability and improved leverage. Technicals are supportive with a clear uptrend, but overbought signals increase near-term risk. Valuation is favorable with a low P/E and high yield, and corporate events reinforce the distribution focus.
To see Spark’s full report on TSE:FTN stock, click here.
More about Financial 15 Split Corp
Financial 15 Split Corp. manages an actively run portfolio of North American financial services companies, investing primarily in leading Canadian and U.S. banks and insurers such as Bank of Montreal, Royal Bank of Canada, Goldman Sachs and JPMorgan Chase. The company offers split share structures, including preferred shares, aimed at providing income-focused investors with exposure to this concentrated financial sector portfolio through listed securities on the Toronto Stock Exchange.
Average Trading Volume: 241,422
Technical Sentiment Signal: Buy
Find detailed analytics on FTN stock on TipRanks’ Stock Analysis page.