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 > BEARS

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Comment by marcroberton Nov 06, 2024 1:39pm

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Post# 36299263

RE:RE:RE:RE:BEARS

I assume mouserman wrote FFN but meant FTN. FFN does not have $3 of safety.

Also, with the dec 1 2025 termination date, anyone have any thoughts about consolidation risk? Just went through that with PIC.a, messy

last time dec 2020, 2 for 5 consol, what happened to the price after that?. I looked it up but price looks unchanged after consolidation, which would make no sense.

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