Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

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.

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Financial 15 Split Corp > Now Credit Suisse bonds are junk?

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Comment by pjn0987654321on Mar 22, 2023 8:39am

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Post# 35353142

RE:RE:RE:RE:RE:Now Credit Suisse bonds are junk?

"UBS shares fell by as much as 17% after markets opened on Monday, only to close 35% higher than those lows the following day.

The yield on its 7% additional tier dollar (AT1) bond jumped to a record 29.8% at one point on Tuesday, from below 10% just a week ago, according to Tradeweb data.

On Wednesday it was at around 18%."

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