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 > Nice bounce back in banks/lifecos

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Aug 25, 2022 10:38am

355 Views

Post# 34919711

Nice bounce back in banks/lifecos

So the pullback was enough to enable Quadravest to do an offering at better than a 15% premium, but with the pullback in price after the offering, the premium is now around 10.5% and we may see a good rally in the next week, as ex divvy date approaches. Grabbed some near the lows yesterday and today.
Adding back some of that which i had sold only a short time ago, makes for a great trade.
Will still get the distributions.

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?