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 > S & P 500 opens strong...

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Comment by mousermanon May 28, 2024 5:14pm

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Post# 36061188

RE:RE:S & P 500 opens strong...

DFN always gets a premium on some perceived safety due to history of distributions. DFN has paid a distribution on more than one occasion when it wasnt really warranted. At the cost of the UNIT NAV...So now it is struggling to stay above 15$ where they get paid... where FTN will have some cushion before it starts to worry about that.

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