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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Comment by YellowBrickRoadon Dec 30, 2018 4:57pm

118 Views

Post# 29170031

RE:New here

uptown59 wrote: Hello, forgive me for asking stupid questions, but could someone tell me if there are fees associated with buying shares of FTN, and are you locked in for a period of time.

Can I buy these through my BMO investorline TFSA account just like i would any other type of traditional stock, and then sell the same at my time of choosing.

Thanks to whoever might take the time to answer my questions

Thanks again

No additional fees other than broker commission, buy it just like any other stock. No locked in period, you can sell anytime. Yes, you can buy in any account, taxable, RRSP or TFSA.

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For a comparison of Split Share Funds, see this blog:

Link: Split Share Review

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