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 > Sudden reversal in sentiment has FTN biggest gainer

<< Previous

Bullboard Posts

Next >>

Comment by navgodon Oct 05, 2023 1:51pm

99 Views

Post# 35671501

RE:RE:Sudden reversal in sentiment has FTN biggest gainer

es25 wrote: Have you heard of the split share PIC.A it's paying 20% yield now. It's nav is 1.87 so a big premium. It has no 15.00 rule and distributions are quarterly and it never missed a dividend payment.

Ask yourself what happens on the termination/extension date Nov.1 24.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages