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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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Comment by JReynoldson Jul 22, 2011 8:13am
462 Views
Post# 18860172

RE: Bottom?

RE: Bottom?Somehow, I am of the opinion that we don't really need to know what is the cutoff date for determination of dividend payout for the following month. If FTN is really good, and is to recover properly and sustainably, then the dividend, after resumption of dividend payout, should be consistent for months onwards, till perhaps termination date.

I, for one, do not think that the nav would swing up and down above and below $15 that rapidly that we need to watch the cutoff date closely as a check and balance.
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