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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

Bullboard Posts
Comment by anubis44on Oct 09, 2018 11:28am
238 Views
Post# 28766231

RE:Explanation please....

RE:Explanation please....I'm wondering the same thing. What the hell is pushing the price down? If there were some kind of negative event, you'd think the sell-off would have happened just after ex-dividend on Sept. 27th, not 8 days later on the Oct. 5th., since you get the dividend as a shareholder of record on ex-dividend date, and don't need to hold it up until the payment date. My only thought is that maybe, due to the comparatively low volumes, it's a short attack? After all, with rising interest rates, all the holdings in the FTN fund, namely schedule I banks and other quality financials, should stand to make more money, not less.
Bullboard Posts