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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 Jodiangel17on Jun 07, 2019 2:59pm
65 Views
Post# 29807009

RE:RE:RE:Starting a short position

RE:RE:RE:Starting a short position
dimonwinner wrote: I know when to take loss in case it goes up. But I don't see how it can go up, when NAV is so low. And now they are talking to decrease rates in US, this is very negative for the banks.


A decrease or increase makes no difference. An increase means more interest of course, a decrease means more loans, etc....kinda win both ways. The the markets though it doesn't really matter it seems. Rate goes up, stocks are affected...rstes go down they're affected. End of the day I hate when people short because it affects my gains, so with all do respect I hope it doesn't go your way and you gotta cover real quick
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