Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75... see more

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Financial 15 Split Corp > Added some FTN today.

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Post by mouserman on May 11, 2021 11:03am

Added some FTN today.

Was sitting on some cash, and decided to grab a few FTN here, as it seems like time to get into safer split funds, and particularly those trading at a discount and still paying a decent yield with LOTS of safety built into the price.

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Comment by alkhor on May 14, 2021 1:15pm

The dividend may have lots of safety but my expierience with these funds is the NAV tend to go towards $15 from both directions. It may take a few years but what good is collecting 3 years worth of dividends only to have the share price fall the same amount or more over the same period. I sold my FTN a couple of days ago as I didn't like the risk but still have some FFN and DFN but will be ...more

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Financial 15 Split Corp