Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.

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Financial 15 Split Corp > Preferred Dividend

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Comment by mousermanon Nov 07, 2023 12:39pm

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Post# 35721747

RE:Preferred Dividend

I have the FFN preferreds, and that is all I own. Its not like they are locked in, and we will know well ahead of time if the rates go down. I do not think Canada will be lowering rates soon, but they should be. There are also floating preferreds out there paying better than 10%, i just sold off ALA.pr.b today for a nice gain after collecting one quarterly div... sitting on half a million in cash, and not in a real rush to deploy. I can get over 11% on a 6 month term at MExico 's most reliable bank BBVA... so will move some money that direction hopefully, if the CAD moves back up vs the peso. CAD down big today. vs USD and Peso .

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