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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 > FTN getting punished again at the open.
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Comment by navgodon Oct 03, 2023 10:23am
170 Views
Post# 35666695

RE:RE:FTN getting punished again at the open.

RE:RE:FTN getting punished again at the open.
Inglewood wrote: For a paying split fund... very hard to see why the selling when we so close to the NAV.. maybe some longs who have a really dollar cost average and extremely bearish sentiment towards the portfolio...

What I really worry about though is the back channel shenanigans. I wonder if there is something the insiders know that we do not. A consolidation coming? What can it be?

Just a guess but it could be holders that got hurt in ffn then dfn then dgs and moved to the safety of FTN decided they couldn't take anymore and bailed - that makes more sense that a nebulous "what are we missing" theory.

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