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 Nov 08, 2024 10:27am

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Buying opportunities that I have seen in this fund were August 6th when it dipped to 7.50. Number 1.first part of October when it dipped to around 8.10 to 8.20. And of course last week when it dipped to around 8.50.... This fund now should pay a divi for a very long time. Close to 17% this am. Once Trump gets done fixing the economy it could be 30 years before they ever re elect a democratic president.

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