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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

Financial 15 Split Corp
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Comment by McRambuson Dec 20, 2018 9:31pm
164 Views
Post# 29144177

RE:nav

RE:nav
fisher65 wrote: well im not to happy with the preformance of this dog basically has crushed the common shareholder  to protect the perferreds and keep the value high for the overnite offerings, which you wont see for a while now as the nav has crashed back to reality. Who would buy this. 
any thoughts



Looks like someone didn't do his homework on this one. That is exactly what they are supposed to do.  All is disclosed in the first few pages of the prospectus. 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities