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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.


TSX:FTN - Post by User

Comment by EdPaquetteon Feb 19, 2021 6:45pm
106 Views
Post# 32616491

RE:RE:FTN UNIT NAV = approx. $19.99 to Feb 19 close..

RE:RE:FTN UNIT NAV = approx. $19.99 to Feb 19 close..
Tech is in a bubble, lots of companies with no profits and high shares.   When their bubble bursts it will cause a downdraft for all stocks.  If the markets look ahead 6 months and most shoppers will be vaccinated in 6 months,  the correction could start any day now. 
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yell wrote: Slow but surely. Treasuries rates are increasing good for banks danger for tech in the future.

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