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 > Stratcap

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Comment by StratCapon Mar 04, 2024 11:01am

107 Views

Post# 35913260

RE:RE:RE:Stratcap

navgod wrote:
rixpix wrote:
NobleHouse wrote: You are absolutely right with reinvesting these excellent dividends.It is what l have always done to the benefit of my portfolio. Stocks and ETFs can go both up and down over the course of a year and if you are a buy and hold guy a non dividend payer can end up even but if you did reinvest a dividend payer such as FTN with a variance between 19 plus and 20plu percent , then look where you end up . At the end of a year your , say 100 shares are now 120 and in the case of FTN which is below NAV , should be at a 10% premium or more then you are so far ahead in the scheme of things. I used to invest in growth stocks , no dividend , but not anymore.My premise like yours , is if you don't need the immediate income then dripping , and patience will be rewarded in Spades.Cheers

CountryBoy69 used to say the exact same things too.

Are you his brother?? ;)) :))

CB69 used to say a lot more and take a couple of hundred words to do it. God I don't miss him. GLTA

I dont know who this other poster is that he is referencing. Don't care either. Just here for the solid info from regulars. Priceless.

GLTA.

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