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 JAN 31 approx: $22.10

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Comment by mousermanon Feb 02, 2022 7:57pm

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Post# 34391434

RE:RE:FTN UNIT NAV to JAN 31 approx: $22.10

Phil001 wrote: Hi Mouserman.. Im reading that come the interest hike of March 2nd, banks will make huge bucks of profits.. should this lead to a higher stock value? I'm told its pretty 100% march 2nd rates going up and will go up fast to fight inflation..

I think the intial shock will create a correction in the markets. Eventually the banks and financial stocks SHOULD do well, but there will be some repercussions to rampant inflation, and everything wont be rosy right off the getgo.

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