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 > 2.5 % Haircut = What

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Comment by navgodon Dec 08, 2020 11:47am

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Post# 32058081

RE:RE:2.5 % Haircut = What

Are either one of you watching todays price action? As I type FTN is up 37 cents ie 10% on the highest volume since March. the market has decided that it is willing to pay a premium to NAV on the prospect of recieving a dividend post consolidation with most of the adjustment taking place today. Luckily Ranger you haven't had a chance to bail before the move. GLTA

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