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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

Bullboard Posts
Post by GoGetter1on Mar 06, 2014 5:38pm
325 Views
Post# 22291618

FTN - Special Meeting - re Extension of termination date

FTN - Special Meeting - re Extension of termination dateTORONTO, ONTARIO-- Mar 6, 2014 - Financial 15 Split Corp. (the "Company") today announced that a special meeting of shareholders will be held at 11:30 a.m. (Eastern standard time) on May 14, 2014.
The primary purpose of the meeting is to consider a special resolution to allow shareholders to continue their investment beyond the currently scheduled termination date of December 1, 2015. Under the primary proposal, the initial termination date would be extended by 5 years to December 1, 2020 (subject to further extensions of 5 years each thereafter).
Full details of the meeting will be contained in the Notice of Meeting and Management Information Circular which will be mailed on April 17, 2014 to all shareholders of record on April 9, 2014.

Bullboard Posts