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 > Intrest rates

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Comment by flamingogoldon Jun 04, 2024 10:55am

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Post# 36071118

RE:Intrest rates

There is an enormous amount of money sitting on the sidelines in high interest savings and money market funds earning 4.5-5%. Each rate cut will slowly draw funds back into equities looking for income. Bank stocks are still under valued and will benefit from this inflow.

Toppicks1 wrote: Big week for the bank funds. I expect a 25% point cut. Seems like it's so small that it won't mater but it's just the thought of more to come that might boost bank stocks we will see..

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