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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
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Post by mousermanon Feb 15, 2022 9:42am
159 Views
Post# 34429503

Adding FTN this morning

Adding FTN this morningEvery stock up in the fund, and the UNIT NAV jumps quite quickly when we see that kind of move. 
My spreadsheet has the NAV for the commons at over 12.65 at this point in time, and given the volatility in the markets, i have reduced FFN , LFE and others to buy the safer split funds.
None have the safety and deep discount of FTN... and at 12.5%,  i  rate the yield strong enough to offset inflation.
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