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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

Post by Doodlebugon Nov 23, 2022 9:46pm
254 Views
Post# 35123909

Deisman

DeismanAnother up day for FTN and another big move for us Hold investors. I most certainly look forward to MMs NAV valuations and the cushion is growing daily. Cash , while good , l guess gets eroded every day and since your post going all cash and selling FTN in the low $9 s or in the high $8 s and missing the dividend , it is now only  a minimum of8 or more % higher. This is the problem with attempting to time the markets , you win , you lose and in this case misseda big move. About 45% of my money is in FTN and since your post on $ 8,84  including div added l am up a mere $6500  in a matter of a week or so. Small potato's to some but l enjoy those little potatoes. If someone can time the market consistently , they would be Billionaires and not working for some Investment MGMT company probably posting here.Just enjoying top notch Food and Champagne on their 100 ft yacht in the MED.. l am not that lucky so l will rejoice in consistent steady growth and all Dividends reinvested. .Good Luck to you as well , nothing wrong with a differing strategy'. Whatever works.
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