Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jan 14, 2022 9:52am

156 Views

Post# 34316396

A few weak results from some US banks

SO most of the US banks are pulling back and selling off, but they had been on a real rocketride up since new years... so not unexpected.
Canadian banks and lifecos had started off the day weak, but have since bounced back somewhat.
WFC reported very decent results and is greentoday, and was already up over 15% since New years.
FTN still trading at a discount here even with some big pulls in the likes of JPM etc...

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features