Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share
November 18 2020 - 9:00AM
Financial 15 Split Corp. ("Financial 15") declares its regular
monthly distribution of $0.04583 for each Preferred share ($0.550
annually). Distributions are payable December 10, 2020 to
shareholders on record as at November 30, 2020.
There will not be a distribution paid to the Class
A Shares for November 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 $9.02 per share inclusive of this distribution,
for a combined total of $29.43.
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: |
|
November 27, 2020 |
Record Date: |
|
November 30, 2020 |
Payable Date: |
|
December 10, 2020 |
Investor Relations: 1-877-478-2372Local:
416-304-4443info@quadravest.comwww.financial15.com
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