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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Comment by spazzmanon Jun 20, 2011 9:51pm

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Post# 18741294

RE: RE: RE: ???

Ihave to be optimistic because if the alternative occurs there won't be enoughlife rafts for all of us.
Iown both LBS and DGS, I am disappointed in DGS share price as I was betting onsome appreciation after the merger with BE.I believe that DGS is a stronger and more diverse fund then it waspre-merger. The market disagrees withme, averaging down. 13% yield is fantastic.
I like the concept of writing covered calls and thereby increasing shareholders yield with HEX, HEP and HEE.
There is not enough history to know how they will perform once this market starts to turn around.
Good luck
spazzman

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