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 unit nav to Sept 26 = approx: $18.82

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Comment by Golfermanon Sep 26, 2024 10:30pm

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RE:FTN unit nav to Sept 26 = approx: $18.82

I do believe Monday Sept 30th is the day you need to hold to get the dividend as that is record day..... the new change was as follows.

https://talkmarkets.com/content/big-change-coming-to-ex-div-dates?post=446524

Starting on May 28, the stock exchanges will go to T+1 settlement. This change makes determining the ex-dividend date easy. After May 27, the ex-dividend date will be the announced record date.

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