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 JohnWalkeron Jan 18, 2019 10:00am

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Post# 29250627

RE:pre-market seems impressed

Morning headlines from the TheStreet.com

The Friday Market Minute

- Global stocks hold gains despite confusion over the state of U.S. China trade progress and conflicting reports regarding the Treasury's intention on tariffs.
- Asia stocks test one-month highs on optimism that trade talks will bear fruit, with Japan leading the charge thanks to improved risk appetite and a weaker yen.
- Global oil prices jump after OPEC reports the biggest monthly drop in output in two years in December as it prepped for the start of 1.2 million in agreed production cuts in 2019.
- U.S. corporate earnings are running ahead of estimates early in the Q4 season, with strong bank reports helping drive a 21.8% bottom line growth rate, well ahead of the season's 14.2% estimate.
- U.S. equity futures indicate a modestly stronger opening on Wall Street ahead of December manufacturing data and fourth quarter earnings from Schlumberger, Sun Trust Banks and State Street.