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Us Financial 15 Split Corp T.FTU

Alternate Symbol(s):  T.FTU.P.B

US Financial 15 Split Corp. is a mutual fund company. The Company invests in an actively managed portfolio of common shares composed primarily of 15 core large capitalization United States financial services companies. The Company’s objectives in managing its capital are to provide holders of Preferred shares with a cumulative preferential monthly dividend at an annualized rate of 10% based on the net asset value per unit as at the end of the preceding month, subject to a maximum monthly dividend of $0.08333 per Preferred share and to pay holders of Preferred shares $10 per Preferred share on or about the termination date. Its objective in managing its capital also is to provide holders of Class A shares with such dividends as the directors of the Company may from time to time determine and to pay on the termination date such amounts as remain after paying the holders of Preferred shares the amounts owing to them. The Company’s investment manager is Quadravest Capital Management Inc.


TSX:FTU - Post by User

Us Financial 15 Split Corp
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Post by Betteryear2on Oct 20, 2021 9:18am
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Post# 34026252

Preferred Dividend Declared

Preferred Dividend Declared

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.06783 for each Preferred share, or 10.00% annually based on the previous month end net asset value. Distributions are payable November 10, 2021 to shareholders on record as at October 29, 2021. 

US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.


https://www.globenewswire.com/news-release/2021/10/20/2317492/0/en/US-FINANCIAL-15-SPLIT-CORP-Preferred-Dividend-Declared.html
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