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 sell taken out.... premium climbing

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Comment by mousermanon Oct 05, 2023 11:23am

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Post# 35671092

RE:RE:FTN sell taken out.... premium climbing

jeanstk wrote: 27.2% yield @ $5.55

Well somehow dont thi nk the downside is over just yet. Have been wrong before ... tho... anyways lots of fish in the sea. LCS is better value, altho the yield is much lower. PAYOUT is too... which makes disttributions much more sustainable.

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