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

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Comment by wolverine99on Dec 17, 2018 6:10pm

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Post# 29126515

RE:nav

Logically that is likely true, but markets hate logic! Take a look at all Quadravests structured products, they are all getting hammered, so are other companies. Some is bank weakness, tax loss season and shorters are cleaning up. They have a few other stocks worth looking at ( INC, DS), only one is a Split Share with a lot of room on the NAV (BK), all with decent Divvy's, but for whatever reason they get less attention than FTN, DFN. They are all down, so the opportunity is there to diversify at the bottom and enjoy the ride back up. For now, this elevator is still going down!

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