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.

TSX:FTN - Post by User

Financial 15 Split Corp > Hot CPI NUMBERS

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Apr 10, 2024 9:54am

90 Views

Post# 35980967

RE:RE:Hot CPI NUMBERS

From the WSJ

Stocks fell and government bond yields rose after the latest inflation reading came in hotter than Wall Street expected.

The consumer-price index rose 0.4% in March and 3.5% on an annual basis—economists had expected 0.3% and 3.4%. Core CPI, which removes the volatile food and energy categories, was up 0.4% from February, topping an expected 0.3%.

Inflation also proved higher than anticipated in January and February. Taming price increases is key to the Federal Reserve’s deliberations about when to cut interest rates and the series of hot readings have raised doubts that the central bank can act soon.

<< Previous

Bullboard Posts

Next >>

Top 3 aerospace and defence stocks to buy on the TSX