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 > Prefered Share Rate Reduction

<< Previous

Bullboard Posts

Next >>

Comment by WattDoINoon Nov 14, 2024 3:16pm

104 Views

Post# 36313394

RE:RE:RE:Prefered Share Rate Reduction

Based on Quadravest archives, it appaers that the commons/ A shares partially reverse split (1:13) to consolidate/align # of commons/A and # of preffered shares back on dec 30th 2019, not the preffered.

https://03fd212c-7b45-4409-b290-698c20089de1.filesusr.com/ugd/78f11d_0b93c7cdf3a54342a7cbdae8e08b610d.pdf

To my defence Investing.com shows a revrse split for both the commons/ A shares and the prefered.
https://www.investing.com/equities/north-american-financial-15
https://www.investing.com/equities/north-american-financial-15-split

Not easy getting to the facts straight.

Cheerio !

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading