Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Bullboard Posts
Post by blade86caon May 24, 2015 4:16pm
165 Views
Post# 23758949

Divy @ 14% ?????

Divy @ 14% ?????Could someone on here explain how they can pay out a dividend so large when their underlining holdings are Cad and US banks, insurance co etc , where they all yield approx. . 2-4% divvy and US banks pay virtually nothing because US government still hates them for 2008. Also I took a look at their financial statements and see their TOTAL NAV has grown year over year (NAV of preferred @ $10 which has stayed same since 2010 and NAV of class A @ $7.76 but yet it trades in $10 range ) but I also see sometime in 2014 there was some big share issue of class A shares which makes me think they did this issue to cover portion of dividend that they could not cover thru company dividends , call options etc I have a fairly large position in FIE and have had it for many years now and thinking about moving some $ into FTN . Can someone who understand this ETF rather than just blindly collecting the divvy comment on the points made above would be appreciated , thanks
Bullboard Posts