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.

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Us Financial 15 Split Corp > Low Volume For FTU's Preferred Stock

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Comment by Infirstmoneyon Dec 11, 2021 11:48am

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RE:Low Volume For FTU's Preferred Stock

Their commons stopped paying dividends, and only a few prefs out there. How sustainable is the yield. Not like they do calls or anything. Is the plan to merge it with another one of their high yield split corps? No volume at all, micro cap.

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