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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Post by Gord_Albertaon Jan 05, 2020 3:35am

182 Views

Post# 30519315

mouserman

Unlike most stockhouse forums; this site has few pumpers - and little drama.

It is greatly appreciated by me to have "those in the know" sharing relevant information.

Investing in stocks is a bit of a gamble. It is our decision with our money. Where we get information from helps. I blame nobody for my investment losses; my bank account gives no credit for increases...

Thank you mouserman for the information you are sharing!

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