Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial Services Asset Management

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

Financial 15 Split Corp > OF note, now EX DIVVY DATE means little

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon May 21, 2024 1:51pm

142 Views

Post# 36050390

RE:RE:OF note, now EX DIVVY DATE means little

Richou77 wrote: Hi Mouserman
How is it possible to have the same date for ex-div. and record date?

It means they are able to do the record date in 24 hrs , instead of the 48 hrs previously. SO if you own the stock the day before the RECORD date you get the dividend... which makes the RECORD date ALSO the ex dividend date.

<< Previous

Bullboard Posts

Next >>

Full Circle Lithium goes global with its battery fire-fighter