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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 spazzmanon Sep 23, 2011 3:38pm
191 Views
Post# 19078070

RE: RE: down down down

RE: RE: down down down JR, you make a good point. As long as you can hold for a longer time frame then FTN will be a great capital gain investment plus an over 30% yield once the dividend is reinstated.  It's really tempting to buy here at these prices.  Today half of FTN's holdings (the Canadians) are all up today.  Canadian financial etf's are holding and some are even raising in price as investors realize how over sold this sector is.  Its all a crap shoot IMHO.  Good luck to all the longs.
 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities