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

Bullboard Posts

Comment by amugsgameon Oct 11, 2018 1:46pm

155 Views

Post# 28782541

RE:RE:RE:RE:20% dividend at this price - NUTS!

anubis44 wrote: What's not a short-seller's best friend is having to pay the dividends while they're short.

So true but that is why DF and DGS have been good short candidates - when they were obviously below water prior to the distribution release it was easy to confidently short. I covered my DF short position last Friday unfortunately with the usual bad market timing right before it really tanked

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