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 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... see more

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TSX:FTN - Post Discussion

Financial 15 Split Corp > FTN

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Post by Toppicks1 on May 29, 2024 9:44am

FTN

Only 2 days of a small correction and it feels good to own a fund that has way over 3$ in safety in paying distributions. Yada yad about funds paying 25 or 28%. Can't see the first for the trees. In the end it's about stable income.

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Comment by Toppicks1 on May 29, 2024 9:45am

That should read forest for the trees.

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Comment by Investability00 on May 29, 2024 2:35pm

I was thinking the same thing this morning. So I'll collect the cash. If the markets go down for a bit opportunities may come along to get cheap shares.

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Comment by Golferman on May 29, 2024 4:28pm

I believe FTN is now trading at par. Tomorrow could be a bog day for the market. The depth of the retrace and inability to see any upside action is making it much more likely that we will see at least another lower low under that 5256 low for the S&P. I still remain very cautious. Golferman

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