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 Broker49on Sep 29, 2014 10:59pm

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Post# 22981408

Deja Vu

This trading is similar to back in February of this year when the market got spooked and FTN dropped to 8.60 only to roar back to above ten dollars. Macro factors are playing a part but this is more then likely the 10 percent pull back all the analysts are calling for. In three months I think this will just look like a speed bump to higher highs. I for one will try and take advantage of this opportunity to lock in a near 17 percent dividend and own a sector I feel has much growth ahead. Good Luck To All Broker49

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