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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 navgodon Dec 08, 2020 12:30pm
225 Views
Post# 32058442

RE:RE:RE:RE:2.5 % Haircut = What

RE:RE:RE:RE:2.5 % Haircut = WhatAs a long time short of FTN up until a couple of months ago I can guarantee you this is not short covering . The primary reason to be short FTN was the ridiculous premium it used to trade at which was no longer the case. Most of your comments tell me you are totally ignorant of how this process works. ie Quadravest doesn't give a rat's xss how this trades before consolidation. Would suggest you sell your position and wait until the dust clears or you understand what is going on. And yes I am being condescending.   
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