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.

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Financial 15 Split Corp > Class A Share Consolidation

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Comment by bigguy56on Nov 22, 2020 5:59pm

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Post# 31949669

RE:RE:RE:RE:RE:Class A Share Consolidation

The PR clearly states that the dividend will be .10 monthly. What are you talking about? What kind of correction are you talking about? As I said in another post.. the base for the stock price of the new stock will be 7.88 (17.88 - 7.88).. am I not correct? I think the stock price has crashed to a level that makes no rational sense. That is what makes these things so interesting. They are so volatile.

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