Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.P.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 gpqithspon Dec 21, 2013 3:31pm

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Post# 22030443

RE:Fund end question...

I have been a shareholder of DGS, LBS, FTN and DF (on and off) following the NAV for the last 5-6 years. In the ones where the funds closing date became an issue, I always voted to extend by another 5 years. I'm not to nervous about these termination dates as they are «generally» extended by a massive majority. I always stay fully invested if NAV makes sense. The regular shares tend to have less of a premium closer to the termination dates. If NAV makes sense, it is somewhat of a calculated risk and possibly a good opportunity as the premium is small or non-existant to buy when this happens. Hope this continues for a long time, these funds have been really good to me. Hope this help. GLTA

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A junior copper-gold stock trading at a bargain of monumental proportions