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.

TSX:FTN - Post by User

Financial 15 Split Corp > Some Warning Signs

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Comment by Richou77on Mar 28, 2024 10:08am

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Post# 35957811

RE:RE:Some Warning Signs

I agree with you Mouse, bank are not too high right now. I think they are concerned about PCL (Provisions for credit losses) For example, RBC increased their PCL every quarter. They have close to 2 billions in PCL. And when the rates will go down, it will reduce the pressure. Thanks for your time to let us know the NAV every day!

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