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.

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Financial 15 Split Corp > Question for mouserman...

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Post by Gord_Albertaon Oct 21, 2022 5:17am

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Post# 35038192

Question for mouserman...

I owned FFN a few years ago; sold 60% because things did not seem right. Should have sold all; the good news is that I did not lose money.

I bought FTN this week based upon the dividend. Yet I note that had I owned this stock over the past 3 years, the dividends reinvested would not even have close to covering losses. Your thoughts?

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