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 Aug 08, 2011 5:00pm

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Post# 18918537

If history repeats itself

First I would like to say I am sorry to all those investors who held on this long only to see todays' close.

After the crash of 09 FTN fell to $5.00 then lingered into the $2.00 range due to uncertainly of the credit default crisis. Once stability was established, lead by the Canadian financial holdings, FTN was able to reinstate the dividend and the price rebounded. This process took 5 months, I would bet that with an US election on the horizon, ECU intervening in the European bond markets and QE3 from the Fed, that this period would not last as long as before. I am being optimistic and maybe a bit naive that governments will get us out of this mess.
Like bychoice, I sold my shares when the first warning was made, I plan to buy back as soon as I see any up trend in the n.a.v. and feel that the pain of holding will be over sooner rather then later. JMHO comments please
spazzman

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