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

Financial 15 Split Corp > FTN - what's the back story here

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Comment by SgtBroskion Jun 08, 2023 3:30pm

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Post# 35487103

RE:RE:FTN - what's the back story here

Will FTN ever recover from it's 2020 share consolidation (back to high 12s pre-consolidation or high 20s post consolidation) via a stock split or natural increase in stock price? It feels like no matter what interest rates environment we are in, the stock continues to have downward pressure. Thanks in advance for your insight. Mouserman is da man!

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