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 > SHort position has jumped a bit

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Comment by mousermanon Oct 20, 2023 10:29am

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Post# 35692882

RE:RE:SHort position has jumped a bit

NoShoesNoShirt wrote: I wonder how this compares to the average stock? Just makes sense that all stocks would have more shorts when the market falls. Does this also mean a future pop is coming when the shorts eventually cover? BTW, my spat with country boy69 brought me 56 likes and I haven't had any since. I miss that twit.

Not a huge % short to the 15th, but may be increasing as the financial stocks dive further. IF FTN falls below 15$ unit nav by month end , shorts willlikley have increased again.

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