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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 Ranger56on Dec 08, 2020 12:06pm
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Post# 32058242

RE:RE:RE:2.5 % Haircut = What

RE:RE:RE:2.5 % Haircut = WhatYes I have noticed the 10% move. I am not smart enough to know why. I could say short covering short term bounce but I would be guessing. I know many are excited about getting that sweet dividend back and maybe just taking their chances on day 1 of div announcement. Very suspicious whats going on here. Clearly Quadravest does not want a sell off prior to consolidation. Tempted to day trade this given this move but I will hold no shares on Dec/16 and look to buy back on Dec/17ish post consolidation because I want that dividend.
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