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Bullboard - Stock Discussion Forum
Financial 15 Split Corp
T.FTN
Alternate Symbol(s):
T.FTN.PR.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.
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Bullboard (TSX:FTN)
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(246)
•••
Golferman
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Comment by
Golferman
on Sep 27, 2024 11:07am
RE:RE:Reminder Ex-day is now Record day
You are correct today is exday.... the new rule is now exday is record day..... it is different today because of "National Day for Truth and Reconciliation(September 30, 2024) Stock Markets:
...more
(67)
•••
navgod
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Post by
navgod
on Sep 27, 2024 11:00am
One Day Settlement ...
means if you buy the day before Record day you get the dividend. I really can't believe after 3+ months we are still debating this!! GLTA
QMET has 11 claims and 633 hectares Property in Ville-Marie, Quebec Hydrogen Camp
posted Nov 25, 2024 9:00am by
Q Precious & Battery Metals Corp.
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|
The Company is pleased to discover that their Lorrain claims are now within the new and exciting exploration for hydrogen in the Ville-Marie, Lorrainville and Béarn region of Quebec. The region has undergone a claim staking rush following the ...read more
(5286)
•••
mouserman
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Comment by
mouserman
on Sep 27, 2024 10:37am
RE:Reminder Ex-day is now Record day
You always get the divvy if you sell ex dividend date... ex divvy date means if you buy today you wont get dividends for those shares.
(246)
•••
Golferman
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Post by
Golferman
on Sep 27, 2024 9:27am
Reminder Ex-day is now Record day
If you sell today you will not get the dividend payment on October 10
(246)
•••
Golferman
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Comment by
Golferman
on Sep 27, 2024 9:23am
RE:RE:RE:RE:FTN the only split fund common in my list thats red
Yes using scare tactics...... as the commons dividend will payout always as long as NAV is over $15.00.... The common dividend amount of .1257 has been payed out since May 2009. deisman03 doesn&
...more
(67)
•••
navgod
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Comment by
navgod
on Sep 27, 2024 5:29am
RE:RE:RE:FTN the only split fund common in my list thats red
Wow! this posting reads like a Trump posting except you resisted using CAPS. "has rattled some folks" who/where, "they're expecting a similar announcement for the
...more
(246)
•••
Golferman
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Comment by
Golferman
on Sep 26, 2024 10:30pm
RE:FTN unit nav to Sept 26 = approx: $18.82
I do believe Monday Sept 30th is the day you need to hold to get the dividend as that is record day..... the new change was as follows. https://talkmarkets.com/content/big-change-coming-to-ex
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(5286)
•••
mouserman
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Post by
mouserman
on Sep 26, 2024 4:32pm
FTN unit nav to Sept 26 = approx: $18.82
SO a bit of pullback in some of the names, but the US holdings did real well today, even tho USD dropped a bit vs CAD again. Gain since midmonth was nearly 45 cents... Commons would be valued at $8.62
...more
(22)
•••
bubba9
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Comment by
bubba9
on Sep 26, 2024 4:09pm
RE:RE:RE:FTN the only split fund common in my list thats red
I hate to see capital depreciation but I bought this for the div so a 10% cut is still fine.
(162)
•••
deisman03
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Comment by
deisman03
on Sep 26, 2024 3:46pm
RE:RE:FTN the only split fund common in my list thats red
The Sept 18 announcement of a distribution cut to the preferreds of appx 10% has rattled some folks. They're expecting a similar announcement for the commons to happen soon. Many
...more
(5286)
•••
mouserman
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Post by
mouserman
on Sep 26, 2024 1:22pm
FTN unit nav in realtime @$18.82
So commons now have gained about 45.5 cents since the midmonth update. FTN would up there in cents gained since that date, but commons % gained is down compared to many of the peers. FTN commons now
...more
(14)
•••
Stoiklaugh
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Comment by
Stoiklaugh
on Sep 26, 2024 1:03pm
RE:FTN the only split fund common in my list thats red
someone clearly liquidating because I cannot buy it fast enough to make it go up...
(5286)
•••
mouserman
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Post by
mouserman
on Sep 26, 2024 12:53pm
FTN the only split fund common in my list thats red
So very weird to see, as I cant imagine FTN not being at a discount now... i believe every stock holding is up today. I do believe its last day to buy for the distributions, and many are discounted
...more
(306)
•••
Toppicks1
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Post by
Toppicks1
on Sep 25, 2024 10:44pm
NAV
So holding around VAV. Nice unless your a monthly trader looking to time the market all is well. China has started stimulus and so will everyone as time passes. Rate cuts coming. I'm in at average
...more
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