Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Post by mousermanon Sep 12, 2023 9:19am
213 Views
Post# 35631093

King Turdeau not helping the banks

King Turdeau not helping the banksCAD govt putting  more tax on the banks without any input from regular Canadians, or the financial institutions they are attacking.

2023-09-12 07:00 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Tuesday edition that the Canadian Bankers Association is calling out Ottawa for targeting financial institutions and ignoring warnings that the government's taxes will dampen lending and stunt profit growth. The Globe's Stefanie Marotta writes that the CBA says talks with Ottawa have gone nowhere. Over the past two years, three new taxes have been imposed on banks and insurers to help drum up funds to support government initiatives and help pay down debt. Each change was unveiled without prior consultation, blindsiding the companies that typically have an opportunity to provide input on economic policy. The CBA is speaking out publicly for the first time since Ottawa unveiled the taxes in 2021. It is a rare move by the CBA, taking aim at a government that has come under increasing fire for economic concerns and its deficit spending. The new taxes target banks and insurers at a time when rising expenses and mounting lending risk are stunting profit growth, prompting some banks to trim jobs. While the CBA has provided feedback on its issues with the taxes, the group says that the government has not addressed the potential of the amendments to reduce lending by the banks.

© 2023 Canjex Publishing L

<< Previous
Bullboard Posts
Next >>