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 Broker49on Oct 19, 2014 3:31pm

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Post# 23041828

RE:RE:The Oct. 15th NAV's have just been posted

These split share funds tend to all gravitate to the $10 level, up or down a buck, as for Nav, you will always pay a premium for a 17% dividend. If the Nav gets close to the $15 level there will be a dramatic sell off, but management gave the Nav for the 15 and the 17 to show the bounce from the bottom. I still see FTN getting to the $11 to $12 level in 2015. I am a buyer all the way up. TD was just given a $66 price target. The financial sector has just pulled back and is ready to take off as individuals re-balance there portfolios. It's time to join the Banksters.

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