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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 Apr 03, 2024 11:47am
139 Views
Post# 35967831

Inglewood

InglewoodMost people's portfolios have gone up since October but few have doubled in my thinking.I have no doubt that your fear of margin is real and has probably led to many sleepless nights and stressful days.I don't know what a short investing career that you mentioned means , 5 years here or there but possibly you should consider whether the risks are greater than the rewards , never mind the stress and take your profit , forget margin and take the advice of an old Slogan from the firm of Smith Barney, : We just don't make money , We Earn it.: One day margin will come back to bite you as if it always worked , then everyone would be using it.Good luck and cheers Inglewood.
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