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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

Financial 15 Split Corp > Fed jacks rates 50 points this time.
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Comment by Eoj123on Dec 14, 2022 6:13pm
215 Views
Post# 35172015

RE:Fed jacks rates 50 points this time.

RE:Fed jacks rates 50 points this time.Unfortunately the rates were too low for too long, accompanied with printing and handing out money like it was candy. Now the piper must be paid as painful as that is. Allowing inflation to run unchecked is even more damaging in the long run, so as terrible as the medicine is, it must be served.

mouserman wrote: And while that was more or less expected, the bad news that followed the 50 point announcement, was that interest  rate hikes are going to continue probably until 2024.Surefire war on the working class that most certainly will create a recession worthy of the history books. Home owners are already maxxing out credit cards to stay above water. There will be strikes for higher wages , as inflation has pushed the  poverty level up to the working class wage level. Interest rates being  continually jacked higher  only increases that  pain.


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