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 Aug 31, 2014 9:24am

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Post# 22893582

RE:Rights Issue - FTN

6 Rights to 1 Unit. I am not keen on the Preferred Shares, but anyhow, I Unit must comprise of 1 Class A and 1 Preferred, hence, forcing us to take-up the Preferreds too. What if I pass, meaning I do not take-up this offer ? Can I sell my units in the open market, what else can I do if I don't want to pay for the Units that I am entitled to ?

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