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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.


TSX:FTN - Post by User

Financial 15 Split Corp
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Post by spazzmanon Jan 28, 2011 2:08am
416 Views
Post# 18038893

Up Up & Away

Up Up & AwayThe Financial sector in the US & Canada is in an up trend, bank dividends are going to start to rise.  The N.A.V. of FTN is ~$2.00 above the dividend threshold and IMO can only go up from here.  Once the market realize how safe this yield really is the price of FTN will rise until the yield hovers around 10%.  That's a stock price of $15.00.  This is my forecast for 2011.  Comments?




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