Financial 15 Split Corp T.FTN.P.A

Primary Symbol: T.FTN Alternate Symbol(s): 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% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp

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Post by mousermanon Aug 12, 2022 10:16am

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Post# 34891188

FTN gaining more today...

Some sellers showed up again as soon as any red showed up in the US banks. BUT FTN which is heavier in CAD financials, has every CAD based holding up today, so combined with the faling CAD, the NAV is moving forward some more. There is now way Quadravest does an offering with the premium on the commons @ 6%.
Stink bids in here to fill the aggressive sellers dumping.

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