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 navgodon Jun 28, 2016 4:41am

279 Views

Post# 25003728

RE:Painful few days

If you are trying to pick a bottom in US and Cdn banks this is not the security to use -- even its sister stock FFN is much better value. As of today the Nav difference is less than 20 cents -- look at the difference in price. With or without the brexit selloff FTN was a great short on an absolute and relative basis.

Bullboard Posts

Cannara reports record growth and profitability in Q4 2023