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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 NobleHouseon Feb 29, 2024 1:03pm
198 Views
Post# 35906947

Split funding.

Split funding.You are correct , but calling noninvestors Idiots was a little hard to say the least.I prefer to saying that majority of investors out there are either unaware of Split funds or do not understand the structure , or finally are dubious as many Splits are not paying those juicy divs , unlike FTN who if l remember rightly only missed two in the early COVID period. I notice that you like FFN as well , same holdings as FTN but far more volatile and other than this month have missed a number of Dividends. Personally l wouldn't touch them , as l prefer consistency and will take a smaller dividend that is far more reliable. Cheers.
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