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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.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 > Holy premium
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Comment by pjn0987654321on Dec 09, 2020 7:22pm
292 Views
Post# 32073546

RE:RE:RE:RE:RE:RE:Holy premium

RE:RE:RE:RE:RE:RE:Holy premiumThe share price is scaled up.  They do not walk away with 60% of your money.    

The dividend payment is calculated on the number of shares you hold after consolidation.  

It's good news to be getting paid, but you should read the rules at Quadravest's website.  

alexallwin wrote: Thanks Ed for your reply. However, still not very clear. So, today, I have 1000 shares at the price $4.27. Then, after 8 days, my 1000 shares become 400 shares, this part is clear. However, what the share price would be after 8 days? If the total money value keeps same, then the share price would be (1000 x 4.27)/400 = 10.675. Is it right? If this part is correct, and I start to receive divident, then it is a good news. Am I right or wrong?


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