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.

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Financial 15 Split Corp > Ftn.pr preferred question

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Comment by navgodon May 29, 2023 1:05pm

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Post# 35468921

RE:RE:RE:Ftn.pr preferred question

Go to the FTN section of the Quadravest web site and open the latest Annual Information Form. Read the Recurring Special Retration Right on page 15. Will explain all. Quadravest does not want you to retract your shares when thay extend the term maybe that's why they don't mention it in the press release. GLTA

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