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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 Windler01on Feb 07, 2014 5:23am
180 Views
Post# 22182688

RE:RE:RE:Financial Fifteen II Split Fund Termination

RE:RE:RE:Financial Fifteen II Split Fund TerminationThe biggest enemy of FTN going over $10.00 is Quadravest issuing a new offering at $9.60. They have done it 3 times in 4 months. The larger the premium the greater the chance of a new offering. Especially since over the last 4 months only BAC and WFC are the only bank shares in positive territory.
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