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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

Post by Bankman7on Sep 06, 2023 2:35pm
302 Views
Post# 35622374

Investibility

InvestibilityAs we  seem to be on the same page , it's why l have addressed this post to you. This crash in FTN is just sheer panic selling frenzy , and l believe they will love to regret it. Over many years of following and investing in the market there are many companies and sectors that routinely have a premium to NAV.Banks , CDN , the Tech sector , Minerals when applicable. This pullback is an opportunity for those who believe in buying when there's blood on the streets and selling when it's high. Today , watching Market Call , BNN and yes l am aware that many of their guests take questions about Stocks they know absolutely nothing about. Lorne Steinberg was on , one of the better more informed guests that BNN invites.He is both bullish on Canadian and big US banks. This market correction is way over done , we can blame the FED , the BOC , and rightly so but as all good things come to an end , so does all bad things if the sector is both solvent , profitable and warrants it. The Financials fit that criteria ,and we better hope so. I could pout that l bought yesterday and have no resources left to further invest as FTN is already a serious overweight  but it still has good coverage and we are getting alot of extra shares per month if reinvested. I intend going nowhere and have what it takes to ride out a short term Bear market on the Financials. The time is coming when both the US and CDN Central Banks will come to their senses and see that their policies are ruining the Economy and the Market as well as punishing hard working citizens who are losing their homes and jobs. And their Hope. 
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