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 navgodon Oct 29, 2020 9:45am

292 Views

Post# 31802498

RE:FTN.pr.a Special Retraction

navgod wrote: As mentioned by Chessplayer there is a special retraction for Ftn.pr.a based on the end of Nov. NAV(there is also a retraction for FTN but that doesn'tmake sense to exercise. The deadline to exercise this retraction is this week--the 28th for most brokers. This is my biggest position and I am submiting more than 200,000 shares. I would recommend that anyone holding FTN.pr.a do the same. GLTA

Still might be able to submit FTN.pr.a holdings for retraction on a "best efforts" basis. In the future FTN.pr.a should trade at a similar price as FFN.pr.a

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