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

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Post by mousermanon Sep 07, 2022 10:14am

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Post# 34946428

CAD dropping and US banks turned mostly green

So adding to the gains in the US banks is the currency effect. CAD has lost about 1 % since the AUG 31 update, and that adds a bit to the US bank numbers in terms of gains. Likely the oil price going down today affecting the CAD , altho US is the worlds biggest oil producer last i looked.
Overall FTN looks to be doing ok today, since the biggest holdings are mostly the US banks.

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