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 > FTN UNIT NAV to MArch 15th =APPROX: $20.93

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Comment by mousermanon Mar 29, 2021 11:21pm

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Post# 32904022

RE:RE:RE:RE:RE:RE:FTN UNIT NAV to MArch 15th =APPROX: $20.93

FTN is one of the safets of the split funds, even if it is all banks and lifecos... if they fall to below 15$, it is likely that very few of the split funds will be above . 6$ of safety coverage for distributions.

EdPaquette wrote: Banks are fine. Nothing goes straight up, there are always zig zags. Kitco is all about precious metals and has a slant to all news. Gold bugs would love to see banks crash.

Naavak wrote: https://www.kitco.com/news/2021-03-29/Futures-slip-as-bank-stocks-fall-on-hedge-fund-default-concerns.html

How many cylinders today?