Financial 15 Split Corp. Preferred Share Rate Increase
September 28 2022 - 9:00AM
Financial 15 Split Corp. (the “Company”) is pleased to announce the
Preferred Share dividend rate for the fiscal year beginning
December 1, 2022. Based on current market rates for preferred
shares with similar terms, monthly payments to FTN.PR.A will be
$0.06250 per share for an annual yield of 7.50% on their $10
redemption value. This is an increase of three quarters of one
percent over the current rate.
The Company invests in an actively managed, high
quality portfolio consisting of 15 financial services companies
made up of Canadian and U.S. issuers as follows:
Bank of Montreal |
National Bank of Canada |
Bank of America Corp. |
The Bank of
Nova Scotia |
Manulife
Financial Corporation |
Citigroup
Inc. |
Canadian
Imperial Bank of Commerce |
Sun Life
Financial Inc. |
Goldman
Sachs Group Inc. |
Royal Bank
of Canada |
Great-West
Lifeco Inc. |
JP Morgan
Chase & Co. |
The
Toronto-Dominion Bank |
CI Financial
Corp. |
Wells Fargo
& Co. |
For further information, please contact
Financial 15 Split Corp. Investor Relations at
416-304-4443 Toll free at 1-877-4-Quadra
(1-877-478-2372) or
visit www.financial15.com
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