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 > More selling on FTN commons today

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Comment by Richou77on Feb 29, 2024 12:06pm

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Post# 35906763

RE:More selling on FTN commons today

Hi Mouserman,
I just registred with Stockhouse, even if I follow FTN and DFN since a long time and you by the way, to comment on your last post. First of all, I appreciate your daily update on the NAV of FTN (I no longer have any DFN), it's really usefull.
And for your last comment, I agree 100% with the first part of it, but I dont think that Anonymous is shortselling right now. I use Stockwatch too and look at all the other months and Anonymous is always selling over 1 million shares per month and if we compare with the shortselling chart that Stockwatch provide us bi-monthly, there is no correlation. I do know that CIBC short FTN occasionally for short period of time. And ringht now, who want to short FTN at discount?
Humbly!

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