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 > Can anyone explain how this stock can pay

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Post by KozmoTon Jan 05, 2024 1:13pm

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Post# 35812749

Can anyone explain how this stock can pay

a whopping19% dividend and yet hardly anybody seems to know about it? Shouldn't it be #1 on every investors Must-Buy list. I've got a good chunk of FTN and the only thing stopping me from loading up more is good ole "If Its Too Good To Be True" suspicion.

Thanks in advance ...

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