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.

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

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Comment by ehud42on Jan 05, 2024 2:12pm

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Post# 35812880

RE:Can anyone explain how this stock can pay

The over simplified answer is: Splits eat themselves paying that high dividend. Unless very well managed, they will eventualy implode due to lack of capital gains to sustain the dividend. Be careful - a good dividend only protects so much against a buy high, sell low investment strategy.

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