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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 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

Post by deisman03on Jan 13, 2024 6:29pm
270 Views
Post# 35825439

FTN unit nav to Jan 12 = approx.: $17.21

FTN unit nav to Jan 12 = approx.: $17.21Mouserman, I really appreciate your daily NAV updates. 

IMHO, we're heading into the "normal" type of investing nodes that the stock markets trade traditionally. 

There is one factor that many here have taken into account and that's communications tech. 

Everything that happens in the financial sectors now happens twice as fast as it did five years ago, which was happening twice as fast as the previous five years. 

For me, this makes it much more difficult to play the eventual swings. 

Ten years ago, long weekends in the US didn't make much difference on the TSX on the preceding Friday, now many investors sell off and run for cover until they can deduce the direction of the markets, usually a day after they open, in the US. 

Those days can either be great opportunities or a good way to lose a lot of primary capital. 

Unless something unusual happens, we're heading towards a traditional lull in the overall markets over the next few months. 

With normal interest rates, things have changed dramatically from what they've been for the last ten years. 

Many here can remember when everyone was afraid the banks couldn't make decent profits at 1% level interest rates. The banks knew they could still make substantial profits and did so. 

We're in the middle of a financial flux, over the entire world, over every module of investing. 

Tech and Bitcoin have the stage as being the "place to put money" at this point. 

I'm way out of my depth on both of those, so will stick with more traditional investments, such as banks and energy that will do the lifting as far as tech and Bitcoin goes. 

Other than 10k of FTN and BK, all of my investments are now in Prefferreds. 

Yes, I'm getting risk jitters right now. 

Not even playing the swings, because they're just to unpredictable for no apparent reason other than manipulation I don't have a crystal ball to detect. 

GLTA the good folks here. 
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