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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 > bid/ask @ $1.35 BELOW nav...
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Comment by Toppicks1on Dec 18, 2024 11:03am
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Post# 36368050

RE:RE:bid/ask @ $1.35 BELOW nav...

RE:RE:bid/ask @ $1.35 BELOW nav...
Inglewood wrote: It was weird... my guess is a whale probably dumped their position, stop losses got taken out, and then some retail hands panicked and ran for the exits.

Alas, at the end of the day, as far as catalysts go, its ALL really about Powell's press conference today, provided he doesnt shock the world by not cutting. Whatever it is, positive or negative, I'm sure there will be an overreaction. 

97% chance of 1/4 point.... no mystery of what is coming... 
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