Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.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 > Quadravest updates FTN cash position is 22% @ Oct 31

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Comment by EdPaquetteon Nov 07, 2022 9:18am

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Post# 35078495

RE:Quadravest updates FTN cash position is 22% @ Oct 31

We've quite often speculated about whether split fund holders understand what they've got and until now I never thought about short holders. Do they understand?

mouserman wrote: However apparently the stellar jobs report in Canada is driving the gains in banks, metals etc...
Looks like financials are set to open stronger in both the US and Canada. CAD mostly holding its gains since Oct 31...The anon FTN shorts face a lot of headwinds here.

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