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 > It's about time some of these Splits go down

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Comment by Northsea6on Oct 31, 2024 1:43pm

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RE:It's about time some of these Splits go down

Just a recent owner of my first split share and l do agree with you that nothing ever can go up forever , but on the other hand , FTN according to Mouserman is trading under NAV value , not a premium that you would expect something paying over 16 percent distribution .I listen to people that know much more than me but again when below NAV it does pose some other questions .

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