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 > FTN unit nav to March 28 = approx: $18.41 AFTER dist.

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Comment by Inglewoodon Mar 28, 2024 4:48pm

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RE:FTN unit nav to March 28 = approx: $18.41 AFTER dist.

Have a great Easter buddy.

Hopefully the PCE number isn't a rally killer tomorrow (but I think Powell hinted last week the Fed had a sense already on what this number was going to be, and it was not going to change their calculus).

It does seem, as many of the analysts are saying, that the rally is broadening out and the focus is shifting from the Fed into earnings stories.

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