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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

Financial 15 Split Corp > Mouse
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Comment by mousermanon Sep 22, 2023 9:10am
138 Views
Post# 35648907

RE:Mouse

RE:Mouse I think it has more to do with the prospectus for these 2  SPLIT FUNDS in Quadravest. The preferred have a condition that provides for yearly adjustments to yield to follow closely the rising yields /rates  being offered to floating preferreds on the TSX. IF the yields go down one day, so too will the rates for these preferreds. I dont see that happening in the near future.
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