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 11:52pm

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Post# 22068197

RE:Picked Up More Today

I agree Broker...this is going to easily blast through $12...it was a wise buy at $10.06...i sometimes contemplate the rise of interest rates as being a docile negative factor but i think with the robust yield that FTN offers it will insulate any effects that other dividend stocks may face...for instance high paying dividend reits such as Analy Capital management are starting to rally as the market seeking income rotates into this sector from the blue chip corps... i see good things ahead in 2014 and expect Canadian economy to play catch up with USA...
OD

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