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.

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Financial 15 Split Corp

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Post by Toppicks1on Oct 29, 2024 9:37pm

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Post# 36287983

Pretty Big

Discount for a fund with $4.65 worth of safety and a 17% yield. Sounds so good it almost hard to believe. But not surprising August 6th when it dipped to 7.40 no one liked it again October 22 when it dipped to 8.70 no one liked it. The world is full of top callers and bears who miss most all the good rallies and profits. Sure there at some point be a correction modest in my opinion if any. Elect TRUMP and the market will be off to the races. Money sure makes life great. Finally called down a little in Arizona today at 77. Pretty nice.

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