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 > Are the too big to fail banks vulnerable

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Post by Donwaanon Feb 02, 2024 2:30pm

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Post# 35860106

Are the too big to fail banks vulnerable

As the banks stock lost a staggering 44% of its value, the floating-rate notes fell to 87 cents on the dollar. Regional banks have a larger exposure to commercial real estate, which has left them vulnerable in the current office-space downturn. https://www.marketwatch.com/story/new-york-community-bancorps-sole-traded-bond-fell-off-a-cliff-this-week-dragging-others-down-with-it-4298cc77?mod=home-page

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