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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 Investability00on Sep 06, 2023 3:56pm
181 Views
Post# 35622574

RE:Investibility

RE:InvestibilityI see what you mean by blood on the streets. And yes it is the time to buy for the seeable future. I'm 71 and seen many ups and downs in the market. I used to read out the prices of my Dad's stocks at the dinner table when I was 10. GE about 13¢, IBM 19¢ etc. In 1975 I bought a mobile home with 13% interest. I don't worry about the Bank's here in Canada. It is time for them to stop raising the interest rate I think. The introduction of credit cards started the easy money and the debt everyone has. I don't even own a credit card and just use debit card. I saved money in RSP's so not worried about that. I just invest with an account in my TFSA which is my play money. Now I don't know, and nobody does when the financial sector will turn around, but it will. I am heavy in FTN, and the capital will go up and down but it is most likely going to pay distribution all the way through until everything rises. All I can say is I think it will start soon. I also have BK, and ENB. One thing I don't do is worry about it. I don't know if that helps, but good luck to everyone! 
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