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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | 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

Comment by Splitfundingon May 19, 2023 3:12pm
103 Views
Post# 35457018

RE:RE:RE:Can We Start Being Cautiously Bullish

RE:RE:RE:Can We Start Being Cautiously BullishBut overall his comments were seen as more dovish than hawkish, the odds of an interest rate hike at the next FED meeting dropped from almost 40% to 21% after he spoke.

Once this whole debt ceiling melodrama ends at the 11th hour, overall market sentiment should turn bullish at least temporarily until/if more concrete evidence of a recession emerges.
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