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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  FNNCF | T.FTN.P.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.


TSX:FTN - Post by User

Post by mousermanon May 14, 2024 2:11pm
82 Views
Post# 36039290

US biggest employer ( outside of govt) laying off hundreds

US biggest employer ( outside of govt) laying off hundreds

Walmart to Lay Off and Relocate Workers

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices.

In addition, workers in small tech-focused offices in Dallas, Atlanta and Toronto are being asked to relocate to other central hubs like Walmart’s corporate headquarters in Bentonville, Ark., as well as Hoboken, N.J., and Northern California, the company said Tuesday, confirming an earlier report by The Wall Street Journal. Walmart will still allow staff to work remotely part of the time, as long as they are in offices the majority of the time.

“We believe that being together, in person, makes us better,” said Walmart Chief People Officer Donna Morris in a memo to staff Tuesday laying out details of the changes. It helps “strengthen our culture as well as grow and develop our associates,” she said.

Walmart is the country’s largest private employer, with 1.6 million U.S. workers, most of them in stores and warehouses. Walmart has tens of thousands of U.S. corporate workers across the country.  

Like other companies, Walmart has gradually moved away from remote-work flexibility. It has also shrunk the number of smaller offices scattered around the country. Last year, it closed three tech offices and asked some staff to relocate to central corporate hubs.

Walmart has worked to cut costs over the past year in some areas as it gives priority to spending elsewhere. Last month, the company said it would shut all 51 of the health clinics it has opened over the past five years as it tried to build a bigger healthcare business.

The clinics, often located directly next to stores, offered primary-care services and telehealth appointments. Last year, Walmart said it was planning to have 75 of the clinics by the end of 2024.

Walmart said last month that rising operating costs and a challenging reimbursement environment “make the care business unsustainable for us at this time.”

Write to Sarah Nassauer at Sarah.Nassauer@wsj.com

Corrections & AmplificationsWalmart is asking some workers to relocate to central corporate hubs such as Northern California. An earlier version of this article incorrectly said Walmart is asking workers to relocate to Southern California. (Corrected on May 13)


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