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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 Toppicks1on Jan 17, 2025 10:07am
117 Views
Post# 36408764

Discount

DiscountLots of chatter about the discounts in a lot of the split funds....not a lot you can do about them... I will say this though if at some point they don't react as they should meaning if they continue to get further and further from their actual NAV.... they may have a very hard time finding people willing to put any sizeable amount of money to work here.... it's one thing to invest with confidence it's another to put your money where you have a feeling of being duped."?... at some point we will see... Maybe getting close to that point of inflection......
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