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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 > Added some FTN today.
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Comment by alkhoron May 14, 2021 1:15pm
298 Views
Post# 33204176

RE:Added some FTN today.

RE:Added some FTN today.The dividend may have lots of safety but my expierience with these funds is the NAV tend to go towards $15 from both directions. It may take a few years but what good is collecting 3 years worth of dividends only to have the share price fall the same amount or more over the same period. I sold my FTN a couple of days ago as I didn't like the risk but still have some FFN and DFN but will be selling those if the holdings start to fall off. I do have the preferred shares of all three funds for some stability.
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