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

Financial 15 Split Corp

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Post by Toppicks1on May 16, 2024 8:51am

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If FTN had. 5% premium it would be trading at 9.00 $...... as we get closer to divi day could be explosive. 3.60 in safety at a 18% yield. Not sure how many shorts are still in here from that 8.08 level but the clock is ticking.enjoy.

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A junior copper-gold stock trading at a bargain of monumental proportions