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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 EdPaquetteon Nov 01, 2024 12:50pm
130 Views
Post# 36292523

RE:Fund Strategy

RE:Fund StrategyPrimo105 I have been in theses splits for a few downturns. Don't worry about what quadravest does, you can only control what you do .  If the market drops like a stone, the splits drop like a leveraged stone. Everything is priced for perfection now, but the reality is stark.  You have a chance of gaining 1% or losing 50%. I'm in preferred shares, actually hoping for a crash. I think it's coming within 3 months.

primo105 wrote:
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?
 


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