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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 > There
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Comment by Toppicks1on Jan 03, 2025 10:22am
60 Views
Post# 36386004

RE:RE:There

RE:RE:There
deisman03 wrote: Now you're just trying to fan some flames. 

If you don't pay attention to what drives the bottom line of the SPLITs, you LOSE MONEY. 

Tumultuous times make for tumultuous stock markets. 

SPLITs traded at a positive NAV when they first started appearing, because people didn't understand how much risk is involved. There is a lot of risk in all of them. 

I'm not saying that investing in them properly isn't profitable by any means. I've made a lot of money to aid a comfortable retirement on them over the past twenty years. 

The thing is, don't get blinded by the NAV or the payout. 

Most folks who bought into these at inception have lost money or broken even. There is no free ride. 

GLTA the good folks here. 

Tumultuous times.... not sure what you mean by that..... the market has Been almost a rocket ship for 2 years... most people I know have made out like bandits the last 2 years... 
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