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Us Financial 15 Split Corp T.FTU.PR.B


Primary Symbol: T.FTU

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 > FTU.PR.B Redeemable value upon termination
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Comment by EdPaquetteon Apr 19, 2022 11:26am
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Post# 34613255

RE:FTU.PR.B Redeemable value upon termination

RE:FTU.PR.B Redeemable value upon terminationYes, those are true but in reality quadravest will just renew the term 5 more years, possibly adjusting rates.
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