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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

Post by Northsea6on Nov 23, 2024 2:48pm
285 Views
Post# 36327530

Deisman

DeismanI have only owned FTN , my first split for a relatively short time , but lately , especially since the Trump win , it has performed magnificently .I agree with Toppicks , you do sound bearish but to your credit you said do your own DD and it's your money , so it's your call. In my considered opinion the Banks are the cornerstone of any countries economy , so if you don't trust them , then exactly where are you investingyour FTN proceeds. According to Mouserman , God bless him he said we are currently trading at a 6 percent plus discount , unlike so many , possibly over valued stocks with some never showing a profit and definitely no dividend.In my opinion you are wrong in your call , yes it could pull back and yes a Global War could break out in the Middle East or that disgusting country led by the Putin regime.If that was to happen , your money and investments along with the rest of us aren't wotprth the price of a loaf of bread.Take a profit by all means to bail completely shows you are a trader not an investor and are prone to moments of panic investing decisions.
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