Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

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% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp

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Comment by JReynoldson Mar 13, 2013 1:25am

193 Views

Post# 21120593

RE: RE: RE: RE: 20% DIVIDEND

Well, having a lot of cash in hand is dangerous if the mgmt does not know what they are doing. I think FTN is better than that. With ot without writing calls to ganarate more cash for our dividends depends again on mgmt's plans. If writing calls is not the way to go, then mgmt will find a way to make more money, at the same time, executing what that is promised in the prospectuses.

Most importantly is the financial sector in the US is improving, which shows our underlying is also improving... For a split tock like this, I would worry about the $15 nav, not so much about other matters.

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