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 > Why investors should think about the ‘unthinkable.’

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Comment by mousermanon Jan 17, 2024 1:00pm

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Post# 35831601

RE:RE:RE:RE:Why investors should think about the ‘unthinkable.’

Torontojay wrote: It's best to start thinking not in terms of interest rates but household debt servicing costs as a percentage of disposable income. Canada is paying more towards servicing the mortgage debt today than in the 1990's even though interest rates were a lot higher back then.

yes and from what i have been reading, credit card debt , car loans etc...are at alltime high levels of default on top ( and because of ) mortgage increases.

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