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Financial 15 Split Corp ( (TSE:FTN) ) has provided an announcement.
Financial 15 Split Corp. has renewed its at-the-market equity program, allowing it to issue Class A and Preferred Shares on Canadian exchanges at prevailing market prices until February 21, 2028, with potential gross proceeds of up to $400 million. The program, arranged through an equity distribution agreement with National Bank Financial, gives the company flexible, discretionary access to capital that can be deployed in line with its stated investment objectives and restrictions, supporting its strategy of maintaining and growing a diversified portfolio of major North American financial services companies and potentially influencing liquidity and capital structure for existing shareholders.
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. is a Canadian listed investment company that invests in a portfolio of high-quality North American financial services firms. Its holdings include major Canadian banks such as Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank and National Bank of Canada, as well as leading insurers like Manulife Financial, Sun Life Financial and Great-West Lifeco. The portfolio is complemented by large U.S. financial institutions including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Wells Fargo, providing diversified exposure across the Canadian and U.S. financial sectors.
Average Trading Volume: 236,590
Technical Sentiment Signal: Buy
For detailed information about FTN stock, go to TipRanks’ Stock Analysis page.