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

Bullboard Posts

Post by Windler01on Jan 09, 2014 4:23pm

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Post# 22075580

FTN

So now FTN decides to take advantage of the high price and flood the market with more stock. Each share gives them a premium of $2.48 over NAV. I think that it's a bit cheezy of them to under bid the market by 7% at this time. Suddenly shorting the stock at 10.25 doesn't seem like such a bad deal.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?