Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

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 > Why the massive drop today?

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Comment by mousermanon Sep 28, 2023 2:07pm

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Post# 35659927

RE:Why the massive drop today?

Inglewood wrote: The ex-div drop is not surprising.. but the drop from yeserday's close (7.34) is almost double the ex-div amount! And it seems like most of the holdings are in the green too!

The total distributions payout for FTN is around 19 cents , so it is about 10 cents more than the distributions. However this may be just a deadcat bounce, and the selling in the financials may return with a vengence... US debt ceiling needs ot be raised AGAIN, or a govt shutdown coming. BUT yeah keep sending money to the UKRIANE to blow up billions of taxpayers money in a useless war , that gains nothing for the US....

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