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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 12, 2019 4:38pm
94 Views
Post# 29819895

RE:High probability of dividend suspension next week.

RE:High probability of dividend suspension next week.
Mark2099 wrote: With banks under pressure today and insurance companies like SunLife and Manulife, there’s a good chance that Nav will remain below $15 on June 15th. If so they announce a dividend suspension around June 21st. I made lots of money when I bought shares in the $3 to 6 range last year and sold them close to $9 just over a month ago. Hopefully we’re given that chance again


We can only wait and see
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