Financial 15 Split Corp T.FTN

Bikipal

[CountryBoy69]

Thank you for that information and it is enlightening. I guess my main point was you stated the prospectus said they could increase or decrease by 5 percent , so why now and why only FTNin their many Split fund offerings. If things currently were rosy , like when FTNhot $9.95 it would make sense but not when the SP and more especially the NAV and the $5 rule are in place. Againl state their reasoning is unexplainable as for every investor in prefs there are anequal number in commons and itseemss for some reason Quadravest has a bias. .Not that many or any would agree with my stance , l can remember a poster on another board who described some who attacked him for having a contrary opinion as Indolent Sloths incapable of thinking for themselves but enjoy been led. At the time l thought that was a little harsh , but l have had a total rethink, based on some of the criticism l have received as it appears that group don't wants discussion or any opinion that is counter to theirs. again thanks for clearing up the small print in the prospectus .Cheers.

[bikipal]

Just the clarify, the minimum div for Preferred is ~5%. What it means by that is the Board of Directors can not reduce the preffered dividend to be below ~5%. There was no mention of a upper limit or what is the criteria is for incresing. The next bit that I am going to say is some guess work based on discussions i have read in other platforms... For the preffered for BK, they have a variable