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 > Gap Fill

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Comment by mousermanon Dec 18, 2024 6:38pm

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Post# 36369212

RE:Gap Fill

I was in 95 % cash and then yesterday bought some FTN, and sold half of it today near the top... should have sold more of it,,, but it was a gamble on whether the Fed speak would crash the markets or bump them up another notch. Most of the FED still believe the economy is in good shape and the banks are in no trouble. Not sure i believe them. WHY the big discounts for so long on these financaial split funds? What entities are constantly selling these down, to create these gargantuan discounts..?
And why is DGS the only split fund with a premium.? My accounts back up at about 80 % cash again..

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