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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.P.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 NobleHouseon Apr 02, 2024 10:06pm
131 Views
Post# 35966659

Inglewood

InglewoodYour decision to sell your entire portfolio for the reasons mentioned , make total sense to me.I have an acquaintance who swears by the use of margin , but it is a strategy l have never employed as the risk is too great for my liking , l don't want an unexpected margin call and l can only think that the interest rate you must be paying today really mitigates the possible returns.I know the person l referred too has assembled quite a portfolio over the last 4 decades but when he mentioned carrying more than 2 million in margin on a 6 million portfolio it gave me a shudder right down my back.Each to their own , it seems.
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