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Bullboard - Stock Discussion Forum
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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TSX:FTN - Post Discussion
Financial 15 Split Corp
> Dividend question
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•••
Benson55
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Post by
Benson55
on Jun 13, 2022 4:05pm
Dividend question
Does the NAV have to be above 15 to pay a dividend anyone? Thx
(5)
•••
Wahooo
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Comment by
Wahooo
on Jun 13, 2022 6:24pm
Yes
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