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 > CIX

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Comment by navgodon Nov 25, 2024 11:35am

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Post# 36329192

RE:CIX

Last I checked CI had a .4% weighting and was not a core holding so a 33% increase is worth THREE CENTS to FTN NAV NOT 30!

almic54 wrote: CIX which is part of FNT will be privatized at more than 33%. which represents on FTN 33% divided by 15 titles 2% = approximately .30 plus the American banks are going up this morning by 1%. go go go. Do not forget FFN, DF, DFN, in the same situation. what will QUADRAVEST do with this inflow of money at the beginning of next year.

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