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 > Since The Top

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Comment by Toppicks1on Dec 17, 2024 10:41am

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Post# 36366171

RE:RE:Since The Top

mouserman wrote: Problem i have with EIT.un is the yield is so low , if you do have a pullback in holdings.. you dont get much return . Diversity is good, but there are preferred shares that have higher yields and less risk.
EIT.un holdings value appear to be dropping as hard as FTN today, if my list is up to date.

I have owned this for 41/2 years so have received over 5$ in dividends with out ever a miss in payment. That and I have about 28% in capital gain so buying today is hard to compare to where I'm at... I have a question for you though.. why do you think BK aids the only splite fund that has not corrected and is holding the line... is it because the divi went up to 15 cents.... puzzles me do you know ?????

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