Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share
October 21 2020 - 4:00PM
Financial 15 Split Corp. ("Financial 15") declares its regular
monthly distribution of $0.04583 for each Preferred share ($0.550
annually). Distributions are payable November 10, 2020 to
shareholders on record as at October 30, 2020.
There will not be a distribution paid to the
Class A Shares for October 30, 2020 as per the Prospectus which
states no regular monthly dividends will be paid on the Class A
shares in any month as long as the net asset value per unit is
equal to or less than $15.00.
Since inception Class A shareholders have
received a total of $20.40 per share and Preferred shareholders
have received a total of $8.98 per share inclusive of this
distribution, for a combined total of $29.38.
Financial 15 invests in a high quality portfolio
consisting of 15 financial services companies made up of Canadian
and U.S. 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
Corporation, 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 |
|
Preferred Share
(FTN.PR.A) |
$0.04583 |
Ex-Dividend
Date: |
October 29, 2020 |
Record
Date: |
October 30, 2020 |
Payable
Date: |
November 10, 2020 |
Investor Relations: 1-877-478-2372Local:
416-304-4443info@quadravest.comwww.financial15.com
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