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 has dropped 20% in a week since last day before exdiv

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Comment by navgodon Sep 07, 2023 10:44am

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Post# 35624004

RE:FTN has dropped 20% in a week since last day before exdiv

mouserman wrote: WOW not sure i have seen such an agressive sell off on split fund common in short time frame, since what used to happen after offerings... even those didnt get to 20%.

DFN dropped from 6.15 to 4.77 in the space of week Aug14-21 over 20% so second example in a month of excess premium collapse.

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