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.

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

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Comment by mousermanon May 21, 2024 1:51pm

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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.

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