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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

Comment by Experiencedon Mar 15, 2024 6:54pm
161 Views
Post# 35935954

RE:E xpierenced

RE:E xpierencedNobleHouse...


I will give another thing to think about in terms of investments....preferred shares with a fixed rate coupon..

Based on my risk appetitie and past experience as a financial advisor, I invested about a third of my current asset allocation to preferred shares a few months ago.  I still consider them to be a great risk adjusted investment (and still a buy).  As you probably know, as interest go down the, SP of the preferreds go up and the dividend payout is quite secure as preferred share holders will get payout before common shareholders if the company went bankrupt.  The ones that I bought are up 9% and if interest rates fall (as expected) over the next year, I expect an annual total return of 20-25% for a very low risk investment as the companies is a big cap and not anywhere close to being in financial trouble.
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