Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp

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Post by uchuckon Dec 11, 2015 11:30am

126 Views

Post# 24376724

Update on Uchuck's Thoughts

Yoo forgot to correct jmanny's "Your welcome" segment, thanks for the chuckles anyways. Thanks also to TURTL3 for the T.DGS and T. T.LBS ones to ponder....
Besides my current holdlngs, I am running a (minor) Line of Credit (tax deductilble) of $40,000 as an unsecured Loan at 4.5% interest rate. so, using the Bank's money, I am about 10% ahead (15.0% return less 4.5% int. costs). I would love to get L. of C. against our house (for only 2$% int. rate) for about $350,000 but Wife-y would freak out.not endorse.
BTW, my curent "sell on stops" are, for Tier One no. of shares is $9.25 ($9.68 now) and, then for Tier Two, am using a "bail" figure" of $8.50/share, in case things get wonky on T.FTN.

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