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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 > Experiment
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Post by Toppicks1on Oct 06, 2024 12:30pm
226 Views
Post# 36255122

Experiment

ExperimentOk so 6 months in to the FTN experiment. Here we are. 6x .1257= is 75.4 cents return in dividends. And at a average cost of 7.79 it is currently up 57 cents in capital gain. Or just above 7%. Total return is right at 17%..of course I will be reinvesting dividends to compound returns going forward. Looking very nice as it is trading at a discount to nav. With rate cuts coming. A couple big bank report this week. Time is probably closing on getting in.
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Dealroom for high-potential pre-IPO opportunities