Bullboard - Stock Discussion Forum Us Financial 15 Split Corp T.FTU

Alternate Symbol(s): T.FTU.PR.B

US Financial 15 Split Corp. is a mutual fund company. The Company invests in an actively managed portfolio of common shares composed primarily of 15 core large capitalization United States financial services companies. The Company’s objectives in managing its capital are to provide holders of Preferred shares with a cumulative preferential monthly dividend at an annualized rate of 10% based on... see more

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TSX:FTU - Post Discussion

Us Financial 15 Split Corp > Ftu.B at $7.80 is about 7.5% below..

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Post by elonmuskrat247 on Dec 09, 2024 5:34pm

Ftu.B at $7.80 is about 7.5% below..

Nav of $8.43 and currently pays 10.807% guaranteed monthly distributions for the next 6 years.

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Comment by NoShoesNoShirt on Dec 09, 2024 5:45pm

In which investment are you guaranteed anything? In 1929 the market fell by 89% over 3 years. Ftu would be broke in no time.

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Comment by elonmuskrat247 on Dec 09, 2024 6:17pm

Ok. Barring the repeat of the great depression, I will take my chances with cumulative preferred distributions of Ftu. B. over a 4% gic. Sound better?

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Us Financial 15 Split Corp