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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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(11)
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Comment by Jodiangel17on Jul 15, 2019 5:51am
146 Views
Post# 29919202

RE:RE:Funny....

RE:RE:Funny....
Sadie222 wrote: They may be hoarse, bored, at happy hour, whatever. One they are not is wrong.
Divs will stop at under $15 NAV. They may restart, they may not. The current premium is not justifiable given how close the cutoff is.

Jodiangel17 wrote: It looks like everyone that keeps crying low NAV, no distribution, premium to NAV is quiet all of a sudden




At the end of the day right now they're paying divs. If the div gets cut and price drops, it's just an opportunity to shuffle capital and pick up more at a discount.
Bullboard Posts
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