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.

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Financial 15 Split Corp

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Comment by Jack256on Oct 19, 2020 11:13am

242 Views

Post# 31738838

RE:Need Help!

Split Corps are Leveraged products and will always be more volatile than the general market.

Do your own research and use caution with theses products, they are all high risk.
And don’t get lured in by the high distribution some of them pay (used to pay)

lastpick wrote: Can anyone explain what is happening with these (FFN, FTN), for the last 6 months these have gone down about 30 % while the banks have gone up about 20% as shown by ZEB and ZUB?
I know ZEB and ZUB are equal weight and are not totally representative of what these are supposed to track, but the direction should at least correspond. Appreciate a good lesson on what I am missing!

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