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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 Nov 14, 2023 5:34pm
194 Views
Post# 35735514

Love the flipflops

Love the flipflopsThere were some who paniced others to sell at $5.75 because these oracles predicted no div for Nov then no div for Dec , how their tune has changed. I have been criticized for been pro banks , especially CDN ones as l stated they are first tier and reality would eventually come to the forefront. All those naysayers who bailed at much lower SPvalues and followed the advice of some to buy into the prefs now have a quandry in front of them ,Do they buy back in or wait hoping the unapologetic gurus who advised that in the first place but never apologize or admit mistakes say yes or maybe again will say the SP and the banks are due for a collapse again. Absolute rubbish put forth by those who can assess the NAV daily but are not qualified in any other way to predict the economy or the strength of our Financial Institutions , but for some reason a certain group of Lemmings are determined to head for the cliff on their predictions. They have been wrong for 2 months and yes l admit that the drop in FTN was quick and it is a slow grind upward recently , but it seems some actual professionals believe in the banks and are reentering that sector and them and others are predicting a Santa Claus rally. The time will tell and maybe some mathematician should stick to daily NAV values , that was informative and much appreciated.
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