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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 Mar 21, 2024 4:19pm
284 Views
Post# 35945781

What a nice day

What a nice dayFinally , some respect for FTN and their holdings and we don't even have an interest rate cut yet , then look out as %8.50 and $9.00 or more are in the cards.Thats when investors decide to pile back in including former shareholders who exited completely or redeployed into the Prefs.Some of us had the fortitude to see that our banks are first class and could not be kept down dispite the BOC or our anti business current administration.We had patience , didn't exit in the 7s the 6 s or worse of the worse the panic at $5.75. Instead we added more and collected an over 21% dividend reinvested and that's why those that hung tough are up on their ACB with many more shares.They say patience is a virtue , not that l have ever been accused of that virtue , but in this case l did decide that patience over panic was a virtue. You can always bet on our Banks and the Big guys in the US part of our portfolio dispitethe Wild West show and really poor dividends has produced as well.Now if those American banks matched current CDN bank yields then this ETF would be well over $9.00 and counting.Cheers for the stalwarts who perceived against the former prevalent and wrong sentiment.
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