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

Comment by novascotian2014on Sep 30, 2015 8:45am

135 Views

Post# 24148378

RE:RE:RE:RE:ROC on these Shares

Thanks..I do own other Mutual Fund Stock, and you do Not see how much of the Dividend is made up of ROC until you get your Statement in March-April the Following year..All I saw about this Fund was that they Deal with Cover Calls on the 15 or so Companies in their Portfolio, but was unsure if they Follow what Other Mutual Fund Companies on how they make up their dividend payout..Thaks again..

Bullboard Posts

Bombardier delivers Global 6500 aircraft to U.S. Army