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 > Expect a pullback in the US banks

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Post by mousermanon Nov 02, 2022 9:21am

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Post# 35065759

Expect a pullback in the US banks

Very hard not to see at least one down day after 8 straight trading sessions of gains which for some like GS and JPM resulted in gains well over 12% and higher.

Canadian banks haven't kept up that kind of pace but are positive as well.
When the month end update comes from Quadravet it should surprise some that FTN units gained so much.

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