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 > BY the way FTN does NOT hold USB

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Comment by deisman03on Nov 13, 2022 4:10am

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Post# 35094478

RE:BY the way FTN does NOT hold USB

BAC is one of his biggest holding but he did trim some a short while ago.

Buffet's and Berkshire are way out of my league as far as informational tallying and resources go.

The point of my post was to give an example of where pressure on bank stocks, including some of those in FTN/BK, may be coming from.

We also can't rule out tax loss selling. It's that time of year again and people who bought FTN/BK at their recent highs can get a quick recoup on a good percentage of their losses, if they bought in during the recent highs.

Thanx for posting those statements.

GLTA the good folks here.

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