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 Broker49on Feb 02, 2015 11:50am

187 Views

Post# 23388283

Nice Rebound

All 15 holdings up 0.44 to 3.76% FTN soon to follow. The 1-6th of the month is the best time to buy, then it runs up into the dividend payment on the 9-10th, then dips again until they announce the next dividend around the 20th, when it rises again until the 27-28th. Myself I have correlated the larger the rise the larger the drop and the smaller the rise the smaller the drop. In this volatility lots of money to be had or lost trading. On the other hand holding FTN for just 6 months can drop your average cost by 75.4 cents so you can see the benefit of holding. GLTA Broker49

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Options trading in a volatile macro environment