Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.P.A | FNNCF

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

Bullboard Posts

Post by Eizenbergon Mar 05, 2019 7:45pm

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Post# 29446853

Waiting for a market correction to buy low (again)

Law of gravity tells that everything that is up tends to get down. Well, i mean look at the SPY index, it has been a good 3 months all the way up to 281.87$. Sure thing is there will be a market correction. Probably around 264$ (SPY) or more 260$, then i will buy FTN again.
The moral, always check your investments and SELL when it drops to your risk management level. I did it at 8.79 and look, it dropped. I have all this cash and waiting to buy low, this is my way of trading. I don't care about the price premium, i just look at the graphics and trace my lines (supports and resistances). It is all on the chart. GLTA.

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