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Investors: Take Advantage of Double Fed Tax Credits on Critical Minerals Project (click to learn more)
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Us Financial 15 Split Corp T.FTU

Alternate Symbol(s):  T.FTU.P.B

In order to supplement the dividends received on the portfolio and to reduce risk, the Company will from time to time write covered call options in respect of some or all of the common shares in the portfolio. US Financial 15 Split Corp. invests primarily in a portfolio of commons shares which will include each of the following U.S. financial services companies listed below: American Express Company Bank of America Corp.Bank of New York Mellon Corp.Citigroup Inc.CME Group Inc.Fifth Third BancorpGoldman Sachs Group Inc. J.P. Morgan Chase & Co.Morgan StanleyPNC Financial Services Group Inc.Regions Financial Corp.State Street Corp.Truist Financial Corporation US Bancorp. Wells Fargo & Co.


TSX:FTU - Post by User

Us Financial 15 Split Corp
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  • YellowBrickRoadX
Comment by YellowBrickRoadon Dec 21, 2018 3:04pm
143 Views
Post# 29147874

RE:RE:Termination DEC 1/ 2018

RE:RE:Termination DEC 1/ 2018
Sleeperz1 wrote: Looks like an extension  But are they really going to pay back $10 or just the NAV?

(ii) on or about termination on December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of the Preferred Shares the $10 notional issue price of those shares.
It's an objective, not a guarantee.  The NAV is currently $7.67 so that is all the Preferreds would receive if it were terminated.



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