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 Handymannyon Mar 10, 2020 9:15am

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Post# 30787583

RE:RE:FTN unit NAV to March 9 down at 12.36

yell wrote: and the pre-biding this morning FTN 6$, FFN 5.79$ DFN 7.69$. Maybe investors think that if the shares stays over 5$ they get the dividend. Would they be so stupid?

I have the portfolio down amost 17% as of yesterday's close putting the NAV at approx $2

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?