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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 28, 2024 1:40pm
170 Views
Post# 35958506

Experienced

ExperiencedI listen intently to your 40 years of experience and your take on the market , but in regards to FTN , l respectfully disagree with your current position.There is no doubt the market is overheated when it comes to the new fad , Tech , just like a few years ago renewables and Hive .Possibly my take is at odds with you because our portfolio size is the difference of night and day.and while you maybe retired you still like to get on your feelings of the market.The rank and file nobodies like me are still in an accumulating mode , looking at the trend is your friend and capitalizing while the going is good.At this time l wouldn't invest in Tech , renewables or even utilities , though l do own a basket of utilities in an ETF but l am not convinced about now but perhaps a year from now when interest rates come down a few points and Justine is forgettable.For now FTN works , the banks have some catalysts , lower interest rates on the horizon , lower loan loss provisions , Oil on the move and with improved balance sheets and lower rates, the Coastal and the TMX and lower differentials , l think they will start spending again and bigtime .For this reason plus the NAV discount l think FTN is a great buy and hold, FOR NOW , you l know agree with only a fool or a liar claims to call the market bottom or top and considering the once 20% premium , and now a discount , l think we are all aware how fast investor sentiment can change , even in a week.I am sticking with all my FTN shares collecting that dividend and l expect a reversal in investor sentiment rather than an implosion and a desire to exit.As always , with the greatest respect Cheers , Skoll and especially Slanted.
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