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Financial 15 Split Corp. Class A Shares (FTN)
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North American Financial 15 Split Corp. Class A Shares (FFN)
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US Financial 15 Split Corp. Class A Shares (FTU)
Q: I know that 5i has not generally recommended these split corp funds but I would like your take in this scenario. We know they bottom when asset value drops below an acceptable number and this has occurred. I recall years ago the same thing happened and yields disappeared and values plummeted. When the market bounced back however each roughly doubled and paid lucrative dividends until of course the next major downturn. My question given that we all expect new highs some day, is whether these would not be nice tuck ins today that will eventually appreciate if not double and begin paying great dividends?