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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 McRambuson Dec 20, 2018 9:31pm
170 Views
Post# 29144177

RE:nav

RE:nav
fisher65 wrote: well im not to happy with the preformance of this dog basically has crushed the common shareholder  to protect the perferreds and keep the value high for the overnite offerings, which you wont see for a while now as the nav has crashed back to reality. Who would buy this. 
any thoughts



Looks like someone didn't do his homework on this one. That is exactly what they are supposed to do.  All is disclosed in the first few pages of the prospectus. 
Bullboard Posts
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