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

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Comment by mousermanon Nov 14, 2024 6:43pm

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Post# 36313865

RE:RE:RE:RE:RE:Prefered Share Rate Reduction

I bought the preferreds back at around $9.45 average , but sold before the fall at about the $ 10.15 area.. and got back into LFE , LCS ,FTN and FFN to name a few. ALL have done really well for me.. and no regrets on selling the preferreds. Have gone to cash a few times, but am easily able to get back in for distributions before ex divvy dates , and can buy back cheaper once in a while.
For me there is always another deal , as I base my buys on NAV, and fundamentals. No falling in love...rule number 1...

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