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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

Comment by navgodon Sep 06, 2023 6:35am
140 Views
Post# 35621336

RE:RE:RE:RE:Have covered shorts

RE:RE:RE:RE:Have covered shortsI stand corrected (memory isn't what it used to be) -- the last of that position was closed out mid-Feb 23 after a BK Treasury offering. That said there has been a lot of water under the bridge since that post - have had a good run of shorts lately, DFN and FTN most recently. My short positions are currently at a very low level -- a combination of lack of candidates and inability to borrow. At the moment BK would be my prime target if I could borrow the stock.  


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