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 > Question for mouserman...

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Comment by Gord_Albertaon Oct 21, 2022 2:26pm

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Post# 35039649

RE:RE:Question for mouserman...

Thank you for your feedback. I have not lost money this year either...

Since 95% of my investments are on the DRIP program; I actually like lower stock prices - SO LONG as steady monthly dividends are paid. Twas sort of curious if you see anything in this Bear market to drive FTN's share price too low for a dividend...

mouserman wrote:
But i have not lost any money... and that is what its all about when you get these kind of bear markets.
Unfortunately i dont see this bear market going away soon, and I do think next month it will likely intensify as tax-loss selling season rears its ugly head.

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