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 > Very strange , selling in bank related split funds...

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Post by mousermanon Jun 02, 2023 10:57am

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Post# 35476877

Very strange , selling in bank related split funds...

I see LBS down today, retreating the most of any split fund, with 100% of its holdings up, and the average would be over 1% for the UNIT NAV gain.
FTN also getting sold down.... and every holding up in FTN as well, and the average gain in UNIT NAV would be even greater than LBS... @ about 1.5% overall . Underwater split funds seem to be the fav... today. FFN, DGS, LFE all up....

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