8.33000 USD
0
0%
Last update Nov 19, 9:53 AM EST
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8.33000
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Financial 15 Split Corp.
8.33
0
0%

Overview

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Description

Financial 15 Split Corp. is a split share corporation designed primarily to generate targeted returns from investments in a portfolio of high dividend-yielding Canadian financial institutions. The primary function of the corporation is to provide holders of preferred shares with a fixed cumulative preferential quarterly cash distribution, and to allow holders of class A shares to participate in any capital appreciation of the underlying portfolio. This structure blends the characteristics of mutual funds and traditional equities, offering diverse financial products under its unique split share model. Financial 15 Split Corp., by concentrating its investments in Canada's robust financial sector, plays a pivotal role in providing investors with both income and growth opportunities. The corporation typically invests in established banks, insurance companies, and financial services providers, thus impacting those key industries significantly. As a notable instrument in the Canadian financial markets, it draws interest from investors seeking both consistent income from dividends and exposure to the financial sector's potential capital gains.

About

Address
200 Front Street West
Suite 2510, P.O. Box 51
Toronto, M5V 3K2, ON
Canada
Phone
416-304-4440
Website
Instrument type
Closed-end fund
Country
United States
MIC code
PINX
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