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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 Investor001on Mar 18, 2019 8:37pm
59 Views
Post# 29503630

RE:RE:Fees and Expenses

RE:RE:Fees and ExpensesThank you for the reply and advice! I'm going to try and read some of the prospectus and try to do some more research to understand what would be a good entry price and also better understand how closed-end funds work in general.

If you don't mind asking, are you personnally invested in any of the classes of shares of this fund and do you have any other ticker that you're monitoring? I'm also interested in REITS that have high yields and pay monthly dividends (HOT.UN for example) but I'm not sure if they also have expiry dates like closed-end funds do. Good luck to you as well!
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