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.

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Financial 15 Split Corp

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Post by mousermanon Nov 08, 2024 3:24pm

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DOW gains to new record

A blockbuster week for U.S. stocks is poised to end in more records.

The Dow Jones Industrial Average rose to top 44000 for the first time, while the S&P 500 crossed its own milestone at 6000. Both indexes are on track to deliver their best weekly performances in a year.

Smaller stocks have done even better in the aftermath of Donald Trump’s election. The Russell 2000 index has risen over 8%, on track for its best week since June 2020.

Investors hope Trump will deliver tax cuts and lighter regulation when he returns to the White House. Thursday’s interest-rate cut from the Federal Reserve gave investors another reason for optimism.

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Gold, growth and sustainability in focus for Mandalay Resources