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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 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

Bullboard Posts
Post by anubis44on Nov 08, 2018 11:03am
144 Views
Post# 28943918

Strengthening financials make div cut unlikely

Strengthening financials make div cut unlikelyFTN's holding are all slowly recovering their share prices on speculation the economy will continue to be strong into 2019. Bank of Canada will likely continue to hike interest rates more aggressively than US Fed, which probably means higher interest earnings for the Big 6 Schedule I Canadian Banks held by FTN, which probably means dividend increases, which probably means, >>you guessed it<< higher share prices and reduced potential for a dividend cut for FTN.
Bullboard Posts