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Passive Income Investors: This TSX Fund Has a 7.6% Yield With Monthly Payouts

The article from MSN discusses the appeal of passive income through investing in a specific TSX-listed fund, the First National Financial Corporation (TSX:FN). This fund offers a high yield of 7.6% with monthly payouts, making it particularly attractive for investors seeking regular income. First National Financial is highlighted for its stability and consistent performance, primarily due to its business model which involves underwriting and servicing mortgages. The article explains that despite economic fluctuations, the company has maintained a strong track record of dividend payments, supported by its robust underwriting practices and a diversified portfolio of mortgage products. It also notes that while the yield is attractive, potential investors should consider the risks associated with real estate market cycles and interest rate changes. The piece concludes by suggesting that for those looking to generate passive income, First National Financial could be a solid choice given its history of reliable dividends and the current yield environment.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/passive-income-investors-this-tsx-fund-has-a-7-6-yield-with-monthly-payouts/ar-AA1vPE4r ]