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 10, 2020 4:15pm

121 Views

Post# 30790136

RE:Everyone needs to chill

You're correct in "clueless people" comment however I'm one who is happy they are out there. Disclosure - I;m short FTN. The great thing about the element of the NAV in split funds is that it is a known quantity and we know people buying today paid in the $5.60 range for somehting worth well under $3. You don't have to be a brilliant analyst to know what will happen to the SP next week when the NAV update is released.History has shown that. My question would is why would anyone continue to hold knowing that outcome is of such high probability (excluding divine intervention) when the units could be bought back next week at a much lower price.

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