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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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Comment by JohnWalkeron Feb 24, 2020 12:11pm
98 Views
Post# 30726357

RE:Hard to find shares to short again?

RE:Hard to find shares to short again?With Ex-Dividend Date on Thursday it would be costly to short FTN right now (covering after ex-div would cost you $0.1257 per share), even if shares were available.

I tried to short PIC.A a few minutes ago (as I post only down $0.02) but my broker did not have shares available for me. Ex-dividend for PIC.A not until April 14th.



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