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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial Services Asset Management
Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp > FTN unit nav guesttimate to DEC 2 = approx; $20.72
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Comment by oldtrustguyon Dec 02, 2024 6:12pm
185 Views
Post# 36341708

RE:FTN unit nav guesttimate to DEC 2 = approx; $20.72

RE:FTN unit nav guesttimate to DEC 2 = approx; $20.72Hello Mouserman!! I want to thank you for a post you made several years
ago. It was about this retraction of FFN Dec 2024. You pointed out how the preferred
shares were trading around 9.50 and at retraction you would get 10.00.
I liked your idea and bought in. I recenly sold all my FTN preferred and bought FFN preferred.
As far a FTN retraction next Dec you are saying that you would have to retract equal
amounts of common and preferred??
Thanks again for all your input regarding different splits. Its a great help and alot of work for.

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