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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 > Investibility
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Comment by TheeRookon Sep 07, 2023 3:18am
139 Views
Post# 35623384

RE:Investibility

RE:Investibility There is a reason the provincial bankers wnet to the Federal bank to stop raising rates.   Loan delinquencies are rising.    Canadian banks are most at risk of  mortgage defaults.

Is Canada at the highest risk of mortgage defaults?
Canada At Highest Risk Of Mortgage Defaults: IMF
In a comparison of 38 advanced economies by IMF, Canada had the highest level of risk when it comes to mortgage defaults. Canada topped a list of countries most at risk of mortgage defaults in a new report from the United Nation's International Monetary Fund (IMF).Jun 3, 2023
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