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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 10:18pm
117 Views
Post# 29808102

RE:RE:RE:RE:RE:Starting a short position

RE:RE:RE:RE:RE:Starting a short position
dimonwinner wrote: I was long on FTN for many years, it was great receiving those dividends every month. My now, NAV is too low. Be careful, because if NAV goes below 15$, the stock will drop below 5$ very fast. We saw the same thing in December. Long term FTN is not sustainable, the dividend is very high. The have to issue new shares to the market or hope for the banks to go up.


FTN going back down to $5 is like a gift from the gods everytime it happens. I have absolutely zero issue with adding another 5000-10,000 shares e erytime it does that and then wait patiently for it to climb back to $8. That's great capital appreciation along the way. Even if it takes a year to get there.
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