The Financial 15 Split Corp. invests in over fifteen financial services companies. It offers two types of shares: Class A shares and preferred shares. The latter rank ahead of Class A shares in terms of dividends and capital repayment. Investors can choose either type to maximize their income potential. For example, the Preferred Share will pay out a dividend of $10 per share at the end of the year, while the Class A shares will yield C$0.20 per share.
The financial 15 split corp is an equity mutual fund launched by Quadravest Inc. and managed by Quadravest Capital Management Inc. The fund invests in Class A and preferred shares of 15 financial services companies using fundamental investing methods. The fund was formed on October 15, 2004 and is managed by Quadravest Capital Management Inc.
