Financial 15 Split Corp T.FTN

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

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Financial 15 Split Corp > L.A. building facing foreclosure

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Post by Donwaanon Apr 01, 2024 9:34am

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Post# 35962548

L.A. building facing foreclosure

Sold for about $145-million, roughly 50 per cent less than the outstanding debt on the property. The Tower was appraised in 2020 at $632-million but is now worth closer to $200-million. The foreclosure comes as the value of office buildings has plunged amid higher vacancies. https://www.stockwatch.com/News/Item/Z-C!BAM-3531106/C/BAM

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