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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

Post by CountryBoy69on Oct 05, 2023 4:03pm
192 Views
Post# 35671853

Analogguy

AnalogguyWell it seems that reality is finally here , hopefully. I give you all the credit in the world for hanging in , just like l did , but l sometimes have regret for recommending this one when you bought at $.9.05.To me this panic selling due to the retraction of the CDN banks is both foolish and self defeating , to say the least.If by one chance ina million , other than a global nuclear war our first tier , best in the world banking system collapsed , then we will all have nothing , zero .Now we know that shorting is a legal entity in this country and Navgod boasts about it and why not , he has millions , or so he says . But l disagree fully that he said that the Prefer owners deserved an increase in div , ,it was more than adequate and l think Quadravest stuck it to the Commons and the commoners by increasing it at this time , when FTN and the Banks were dropping quickly, just like Quadravest didn't want to tweak the portfolio when US institutions were under performing. that statement by me brought a lot of criticism from a bunch of folks who have not posted in sometime as they exited. Real shareholders and believers DUH. Navgod likes to trade and l can't fault him for that , it is a strategy but it doesn't always pan out. In two days this supposed dog is up almost 20 percent and anyone who claims to catch the top and the bottom , well is frankly a liar. This BS is all due to the BOC and the Fed who don't like full employment , go figure when in this country we import one million Liberal voters a year. Exactly where are they to live , and what jobs are they supposed to get when our government is determined to destroy both by their financial iniatives. .Even the Mouse is making some political comments today, rightly so and good to here as it is only selfserving politicians and their cronies in a variety of agencies that have cost our Banks to lose 20 plus percent and us who actually invest in the well being of Canada to be punished for their absolute stupidity. Of course nobody ever said you have to have an understanding of business or finance to be a Liberal or NDP Parliamentarian. Rant and opinion over and out.
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