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 > FTN unit nav flat today,

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Comment by mousermanon Jan 31, 2024 3:26pm

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Post# 35855604

RE:FTN unit nav flat today,

mouserman wrote: Srtill up over 50 cents since the midmonth update. Ex divvy selling and FEd speak on tap perhaps pushing some to take profits and hold cash...

Well as usual Powell lipflapping sends the markets lower as he suggests it will be sometime before any big rate cuts happen. Some of those folks pushing up the markets in late 2023 and early 2024, now will go to the sidelines as the bets on early rate cuts didnt pan out. jmho ....

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