Bullboard - Stock Discussion Forum 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... see more

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TSX:FTN - Post Discussion

Financial 15 Split Corp > L.A. building facing foreclosure

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Post by Donwaan on Apr 01, 2024 9:34am

L.A. building facing foreclosure

Sold for about $145-million, roughly 50 per cent less than the outstanding debt on the property. The Tower was appraised in 2020 at $632-million but is now worth closer to $200-million. The foreclosure comes as the value of office buildings has plunged amid higher vacancies. https://www.stockwatch.com/News/Item/Z-C!BAM-3531106/C/BAM

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Comment by mouserman on Apr 01, 2024 10:58am

Yes , its starting ... the underwater commercial debt starting to show some troubles. S $P downgraded 5 regional banks last week. It could be the reason for the discount in FFN and FTN.. https://www.investopedia.com/sp-downgrades-outlook-of-five-us-regional-banks-with-heavy-commercial-real-estate-exposure-8621005

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Comment by Golferman on Apr 01, 2024 12:55pm

Yes.... I as well have now reduced my shares of FTN by more than 50%... as well as other holdings Lets see how the market plays out...... As per Experienced the market is due for a good pull back after this run for the past 3 months. Golferman

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