Financial 15 Split Corp T.FTN

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

Financial Services Asset Management

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.

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Financial 15 Split Corp > Jerome Powell speaking today, on the US mess.

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Comment by Donwaanon Oct 19, 2023 3:16pm

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Post# 35691517

RE:Jerome Powell speaking today, on the US mess.

The reality is that governments have unsustainable debt.It is unrealistic to assume that the largest credit-fueled bubble in half a century can continue indefinitely or be deflated without pain. Higher interest rates will force an adjustment to popular investments that were made based on comically low costs of capital. (MarketWatch)

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