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 LittleLadyPhDon Jan 17, 2019 11:10am

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Post# 29245514

RE:RE:Shaking out weak hands?

Thanks for your thoughtful response, RiskyAssets. I agree with your take on the sitution and had come to the same conclusions myself. I didn't sell either. The weird price swing down was no doubt the result of an unfortunate series of events, triggered by both market-wide news, algos, panic and triggered selling. The class A shares are vulnerable to anything rocking the boat, and that was a tsunami.
Now we're all waiting to see what happens with the dividend. That will decide the price movement this month at least. GL

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