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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Post by RetireSoonerThanLateron Jan 26, 2019 6:14pm

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Post# 29285569

Good Run

I was in at 8.50 and averaged down to $5 ish. I sold most of it when it recovered to $8 and the Feb dividend was announced as I figured all the good news was priced in and there wasn't much more to look forward to with this story. I think there is also a chance a March or April dividend could be missed with a market pull back, which would shake confidence in this stock. I'm still holding a few thousand shares in a longer term account, sitting on the fence.

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