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Financial 15 Split Corp T.FTN

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

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

Post by mousermanon Apr 30, 2024 10:24am
122 Views
Post# 36014683

Home prices hit highs in US , from TD research

Home prices hit highs in US , from TD research

Home prices hit new all-time high ‘in the face of economic uncertainty’: Case-Shiller

The numbers: Home prices in the 20 biggest U.S. metropolitan areas inched up to a new record high, as home-buying demand continued to outpace the availability of properties for sale.

The S&P CoreLogic Case-Shiller 20-city house-price index rose 0.6% in February, compared with the previous month. 

Home prices in the 20 major U.S. metropolitan markets were up 7.3% in the 12 months ending in February. 

A broader measure of home prices, the national index, rose 0.4% in February and also was up 6.4% over the past year. All numbers are seasonally adjusted. 

The national index also rose at the fastest annual pace since November 2022. 

The 20-city and the national index are both at all-time highs.

Key details: San Diego posted the biggest year-over-year home-price gains in February. Prices were up 11.4%. 

All 20 major markets reported yearly gains. 

Home prices grew at the slowest rate in Portland, Ore., at 2.2%.

A separate report from the Federal Housing Finance Agency showed home prices rose 1.2% in February from the previous month and were up 7% in the past year.

The median price of a resale home was $383,800 in February, and a newly built home was $406,500.

Couple things to add, inflation is definitely adding to the cost of new homes, and Blackrock has  apparently been snapping up as much residential real estate as they can,,, from what i have read.


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