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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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Post by Windler01on Jan 08, 2014 1:59pm
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Post# 22070496

FTN

FTNHi Boys. Thought you would be interested to know that I sold of my FTN.PR.A yesterday. I also shorted FTN @10.25 Why you ask? Look at the chart. Last year it went parabolic from 4.65 to 7.97 then consolidated till March then dove to 5.05. Why will this happen again? Last year the NAV was 5.89 so it went from under NAV to 35% over nav. Last December it started at 19% above nav and is consolidating now at 42% above nav. I see a drop of 25% to 7.68 which is still above the NAV before April 2014. I expect get 2.54 per share. Any comment?
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Dealroom for high-potential pre-IPO opportunities