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

Comment by Jack256on Mar 15, 2019 3:18am

77 Views

Post# 29489402

RE:RE:RE:RE:Big Buying Opportunity

YellowBrickRoad wrote:

SuntaxPari1 wrote: What do you think?

Of course it depends on how you see the market, but I would call March 8 when it dipped below $7 as a buying opportunity. Relative to that, it is time to sell.

The best buying opportunity for any closed end fund, in my opinion is when they trade at a discount to their net asset value, as they did for a short time in the latter part of December 2018. That is the only time they trade at true market value or below and the only time I will ever perchance them. Most of what I bought at that time has been long sold. :-)

Good luck to all.

Bullboard Posts

Sony’s Alpha 1 II: A new professional photography standard?