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

Bullboard Posts

Post by fisher65on Dec 24, 2018 1:06pm

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Post# 29154790

nav

you know we all bought this stock FTN for its teasing yeild but i think more so for the exposure to the american banks, We probably all did the basic reasearch you know charts news releases nav value, bullboards, tips from friends, the company reputation, the usual stuff. The stock for the past couple of years tracked the TSX pretty well so there was not too much concern in holding for the big dividend (which today is not substainable) in Oct. for some reason the stock started this freefall down my question is why, what has changed???
cheers and Merry Chrismas
from vancover island
B Mc

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