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 OntarioDaveon Jan 07, 2014 11:45pm

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Post# 22068189

RE:FTN

Good riddance Windler...dont let the door hit you on the way out...Anyone else knows that 2014 financials are the place to be...financials have lagged greater market and will play catch up thus boosting the NAV...most here are heavy in the money on these split corp's and really dont stay up all night worrying about FTN...deadline will be extended...this one will head back up and we will be collecting another 5 years of dividends as the world economy keeps improving...put in a stop under the swing low and forget about this one...let it compound away with a drip...
OD

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