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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, 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

Post by NobleHouseon Feb 29, 2024 1:03pm
194 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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