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 > Sell off contiues today - NAV down

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Comment by mousermanon Aug 05, 2024 11:59am

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Post# 36164672

RE:Sell off contiues today - NAV down

One positive it that FTN had 13 % cash at last report, and that makes its NAV safer than that of FFN, which only had 65 IN CASH on the last full update. Will know more about the weightings and cash in a few days. For now nearly everything is going down,....margin calls and stoplosses exagerrate losses sometimes.

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