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

Financial 15 Split Corp > FTN holding up better than many of the split funds

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Comment by EdPaquetteon May 24, 2024 10:25am

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Post# 36055743

RE:RE:RE:RE:RE:FTN holding up better than many of the split funds

Golferman wrote:
As long as we hold under the 5293 level on the SPX we can looking for another push lower. If we break over that level it would likely keep the door open to seeing another higher high before a top is seen.

Golferman

I call malarkey on your numbers, golferman. Pull out to a 5 year chart and we hit a new all time high, still in the trend channel going over 5500 before any significant drop.

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