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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 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

Post by Bansheeon Dec 16, 2024 2:34pm
129 Views
Post# 36364683

Red

RedAs you know l am a big supporter ofFTN and a convert to splits since Oct 2023 but today with prevailing political events on both sides of the border , l chose to realign the portfolio , but still Financial specific.FTN including div reinvestment has been a double since l first started a position and today l sold roughly 25 percent of my position andredeployed that money into FFN, For TBs benefit as he is thinking , possibly of entering the difference , simply is as follows FTN 15 Financials and Insurance cos with a 60 / 40 weight bias to Canada , FFN , less Insurance but 2 extra Large US banks , Morgan Stanley and US Bankcorpwith 60 percent US versus 40 percent Canada. To prove to you the validity of my trade , as you have access to graphs and info not readily available to the little guy , then here goes .I trade with CIBC Investors Edge , this morning l sold 2500 shares in FTN and bought  3286 shares in FTN , the FFNtrade filled in 2 amounts. .You exposed a liar of bogus trades and portfolio size , and that was good on you regardless of what Rizpix reported to SH. One thing and the only thing we have in common , is we don't lie about our holdings or portfolio size and l maintain there is far more with my size portfolio than the real millionaire posters or those who pretend they are , just because they figure size gives them more credibility. Its to bad the poser decided to pretend to be what he wasn't.
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