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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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Post by DominicJon Dec 14, 2018 9:22am
139 Views
Post# 29114980

Margin on financial 15 split corp

Margin on financial 15 split corpHi I’m new here and I’m seeking for advice, I bought this stock around mid 10$ and buy more into when it dropped with my margin ... now I got an average cost of 8.40$ and All together i invest 43k and I am at 14k now and my margin is -3k .... now with the risk of losing the dividend what’s the best strategy here ? 
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Dealroom for high-potential pre-IPO opportunities