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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

Post by Toppicks1on Oct 17, 2024 9:27am
71 Views
Post# 36269682

Market

MarketI don't think this market is going to roll over and correct. Earnings are way to strong for most of the companies that have reported. More rate cuts coming. Not sure why the market makers think they can just stall some of the funds and continue with any market confidence. Quite disappointing when you are suppose to be getting higher returns and someone is holding it down. They had better be carful or the likes of me will move on and never look at these again.i have to wonder at what point will they let it move higher. I own a lot of shares at 7.86 if they keep it surprised as banks continue higher they can have my shares and I will move on to something with less corruption.
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