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 > Good news…

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Comment by mousermanon Feb 14, 2024 9:45am

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Post# 35879503

RE:Good news…

Yes , i kind of thought that as well. It does make the chance of a MArch rate cut at 0, but we already knew that. I suspect FTN moves up as Ex divvy date approaches and we get the midmonth update , which shows over 2$ of coverage above the 15$ threshhold. Safest split fund common with a yield over 20% at todays prices...

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