Us Financial 15 Split Corp T.FTU

RE:RE:RE:RE:RE:RE:Slowly bleeding...

[YellowBrickRoad]

Bobmartin166 wrote: Thanks for your answer. My understanding of the dividend was: 10% at the previous month’s price ex: 
7.90$= 0.79/ 12= 0.06583$
Am i wrong ?

Toronto, Ontario - December 19, 2018 / Globe NewsWire: US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.07342 for each Preferred share, or 10.00% annually based on the previous month end net asset value. Distributions are payable January 10, 2019 to shareholders on record as at December 31, 2018.

The NAV for month end November was $8.81 so $8.81 x 10% / 12 = $.073412.  With the current NAV of $7.67 the next payment is likely to be lower unless the markets rebound.

As far as the sp goes, I don't think it will go up unless the financial sector returns to its previous rate of growth in sp.

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For a comparison of Split Share Funds, see this blog:

Link: Split Share Review