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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

TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN preferreds get a raise.
View:
Post by mouserman on Sep 21, 2023 4:40pm

FTN preferreds get a raise.

Dam sold off my FTN preferreds, but have a lot of FFN.pr.a 
Wishing now i had just stayed in preferreds ... and cash.. 
Should know better before the FED does their lecture .
Comment by mouserman on Sep 21, 2023 4:43pm
But you know that works ... NOW FTN is paying out  over 20 cents in distributions every month they are above the 15$ threshhold. How sustainable is that going to be. AND FFN can forget a distribution to commons for a long time.
Comment by ANALOG GUY on Sep 21, 2023 5:12pm
I own both commons and preferred  going to buy more preferreds after this news GLTA