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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Financial 15 Split Corp > Class A Share Consolidation

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Comment by mousermanon Nov 19, 2020 2:48pm

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Post# 31934420

RE:RE:RE:RE:Class A Share Consolidation

JohnWalker wrote:

mouserman wrote:
WELL THIS MAY BE THE START... FFN next?

FFN had their consolidation last year in December. But the results were somewhat different with dividends going from $0.10 to $0.11335.

I expect very good things from FFN in a couple of months time.

Very optimistic view John, considering the run the lifecos and banks have had just lately.
With such a big monthly payout, i doubt we will see very many distribution to commons in the next year , but you could indeed see some capital gains if it gets close to 15$ threshhold. FFN also raised the distributions to preferreds by 25% as of JUNE 1, 2020.... so now the payout every month is that much bigger , if it ever gets above 15$.... 17 cents every month? Not sustainable in a depressed economy with the highest unemployment rates and business bankruptcies we have seen since the great depression. OH and COVID raging across North America harder than ever.
Hopeful vaccines caused a huge jump in many stocks, but the froth is going to get taken off .