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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 Mar 15, 2024 3:37pm
206 Views
Post# 35935550

E xpierenced

E xpierencedGood to hear from you and l completely agree with your concerns about this or any Split Fund. I to have thought long and hard about the prospects as l said , it would seem Clowns are running the Show and dispite what l would hink are Emails sent to them by shareholders concerning  their lack of timely info , or promotion .l reiterate a great product regardless of the dunces at Quadravest. I also thank the Mouse for his daily info as right now 60% of my portfolio is into FTN and every dividend reinvested , That's one reason l look at Mousermans daily NAVs so l don't get caught off guard , though l have no concerns about the Canadian Banks , l always consider the whole sector been tainted by American lack of regulation and recklessness.Like you l remember 2009.As a matter of interest to you , the rest of my portfolio is invested 2\3 Rds O and G , one third in Utilities.I am starting to add  extra money in the Utilities as compared to others they are very unlikely and undervalued but if us poor Canadians ever see an interest rate cut , and l mean more the 1\2 of 1%  then the Utilities should bounce back, Bigtime.Cheers EX 
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