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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 biketrader98on Feb 18, 2016 10:34am
187 Views
Post# 24570424

RE:RE:Nav over 15 bucks at market close

RE:RE:Nav over 15 bucks at market closeAs a shareholder I appreciate the active management and steps taken to prevent further capital losses.  If a temporary dip in value can cause NAV to drop below $15 and come back quickly within a short period, I like the fact that they have the flexibility to maintain divvy and support the share price.
Bullboard Posts
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