Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.P.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.

TSX:FTN - Post by User

Financial 15 Split Corp

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Post by mousermanon Jun 09, 2023 4:27pm

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FTN cash position jumps to 21 % at May 31

So obvious Quadravest managers feel the same about the markets going forward as I do. They are stacking up on cash to limit the losses and maybe buy some bargains, if some get oversold. In fact they may done so already after the minicorrection at the end of MAY.
At any rate with the jump in CAD vs USD , FTN unit nav backed up again.... will update in a few minutes when after i guess which stocks they lowered positions in to get from 18 to 21 % cash.

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