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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

Comment by randomhouseon Oct 17, 2024 10:42am
99 Views
Post# 36269895

RE:Mouserman and NoShirt

RE:Mouserman and NoShirtI was drawn to FTN mostly looking for a solid dividend (albeit riskier) and then stumbled on here and the information trove provided by some top users, I only made an account to give some thumbs up to Mouserman. I initially took the discounts to NAV as a promise the value of the stock would grow, but the overvaluation explanation makes sense to me as well.

I'm thinking if the goal is gains from stock value, it seems even riskier but if the goal is dividends, it still seems mostly safe to me even if there's a market correction. I see it as an opportunity to grow the dividend at a lower cost.
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