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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.


TSX:FTN - Post by User

Post by NobleHouseon Mar 12, 2024 1:02pm
185 Views
Post# 35928735

Expierenced

ExpierencedI get where you are coming from and yes you don't want to be looking for that last seat in musical chairs.But right now and right here , the coverage is excellent , the Dividend wonderful .On the last downturn some time ago l rode FTN down , collected the extra shares and then rode it back up .Others exited , and either didn't return or bought in higher instead of the Warren Buffet saying , Buy when there is blood in the Streets.I subscribe to that theory even though it's a hard slog when things look bleak. My thoughts are this ETF isn't based on tech or a commodity that can be superceded by some new invention or the collapse of copper gold oil or anything else , but is based on the banks and Lifecos , and with 60% CDN , upcoming interest rate cuts and the quality of our first class Banking system , l do not have any worries.I consider this a long-term hold as long as it works.Would l ever ride it down to $5,75 again , probably not but where is safety to be found today.The old widow and orphan utilities , that are presently down considerably more than most of the banks or Bitcoin , Bullion and tech that either produce little or no profits , pay small if any dividends and are far more volatile.Give me good quality Financials any day especially trading at a discount to NAV., Me thinks that scenario won't last long .Cheers 
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