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.

TSX:FTN - Post by User

Financial 15 Split Corp > Can anyone explain how this stock can pay

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Comment by NoShoesNoShirton Jan 05, 2024 2:11pm

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Post# 35812874

RE:Can anyone explain how this stock can pay

KozmoT wrote: 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 ...

the nav is now about the same as it was in April 2022. The selling price then was over 9 dollars and the only difference now is the premium evaporated. It will come back with time.

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