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 amugsgameon Mar 06, 2020 9:24pm

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Post# 30778240

RE:RE:Carnage continues, FTN UNIT NAV is approx. 13.61 to Mar.6

The "bounce back" may not be all that fast. The "bounce" after the drop in 2009 that wiped out almost 40% of market value was a slo-mo 4 year climb to get back to pre-crash levels . If you look at some of the other splits that have been trading under the NAV cut off for a while you'll see that the volume drops off and on a slow rise the distribution to the prefs canabalizes the new equity being created

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