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

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Sep 07, 2023 12:03pm

283 Views

Post# 35624230

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

Ah yes, completely forgot about that DFN huge selloff as well. About time these big premiums were sawed off, and maybe that will slow down the ATM program selling thousands of shares at inflated prices. Shortsellers have a way of levelling things up on occasion. BK next to fall.. imho

<< Previous

Bullboard Posts

Next >>

AI companies to invest in