Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp

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Comment by JohnWalkeron Sep 18, 2019 10:28am

256 Views

Post# 30139559

RE:NAV 15.74

dimonwinner wrote: Dividend is safe.

Dividend Declared

2019-09-18 09:44 ET - News Release

An anonymous director reports

FINANCIAL 15 SPLIT CORP. REGULAR MONTHLY DIVIDEND DECLARATION FOR CLASS A & PREFERRED SHARE

Financial 15 Split Corp. has declared its regular monthly distribution of 12.57 cents for each Class A share ($1.51 annually) and 4.583 cents for each preferred share (55 cents annually). Distributions are payable Oct. 10, 2019, to shareholders on record as at Sept. 30, 2019.

Since inception Class A shareholders have received a total of $19.78 per share and preferred shareholders have received a total of $8.38 per share, inclusive of this distribution, for a combined total of $28.16.

Financial 15 invests in a high-quality portfolio consisting of 15 financial services companies made up of Canadian and United States issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corp., Sun Life Financial, Great-West Lifeco, CI Financial Corp., Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co.

Distribution details

Class A share: 12.57 cents

Preferred share: 4.583 cents

Ex dividend date: Sept. 27, 2019

Record date: Sept. 30, 2019

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