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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 > FTN unit nav to March 22= approx: $16.94
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Comment by Dumpinvestoron Mar 22, 2023 6:35pm
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Post# 35354905

RE:FTN unit nav to March 22= approx: $16.94

RE:FTN unit nav to March 22= approx: $16.94I bought about 20000 shares at 8.8-8.81 few days ago, I did not expected it went up 9.14 today..so I sold off 20000 shares took a profit. I switched over hmax ( 15.2 % dividend) . Hmax is no premium.

I concern about split funds..they are so high on premium. In the bad day, some one would short it, share price goes down 5 % in one day easily.
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