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.

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Financial 15 Split Corp > Banks

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Comment by mousermanon May 16, 2024 11:56am

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Post# 36043567

RE:Banks

Some analysts are positive on the Big US banks despite the commercial debt troubles in the smaller regional banks. They claim big banks will buying up these bankrupt zzombie banks for pennies on the dollar. Not sure that is how is will all play out tho. When the last smaller regional banks had a bank run, even the big banks sold off. They have rebounded since but not sure everything is good in the financial banking system in the US. Certainly the govt debt, consumer debt , and commercial debt are too high for the financial system to be considered solid.

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