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 > Fund Strategy

<< Previous

Bullboard Posts

Next >>

Post by primo105on Nov 01, 2024 10:33am

174 Views

Post# 36292215

Fund Strategy

Can anyone comment on the strategy the fund has used in the past when there has been a market correction? Specifically, does the fund continue to sell covered calls on its holdings if they are down 20% plus? Or are they more strategic and hold onto positions until the price recovers even though it would result in less income in the short term?

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023