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 > Powell says no rush to cut rates

<< Previous

Bullboard Posts

Next >>

Comment by Experiencedon Mar 06, 2024 2:59pm

114 Views

Post# 35918759

RE:Powell says no rush to cut rates

Regarding mortgages....most people in the US have 30 year fixed rate mortgages and higher rates will only affect new entrants to the housing market by and large

In Canada if the BOC follows the US lead then there will be issues in the banking system and the economy in general as most people with existing mortgages will be refinancing at higher interest rates since we have five term mortgages or less

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec