Financial 15 Split Corp. Preferred Share Rate
September 18 2024 - 3:26PM
Financial 15 Split Corp. (the “Company”) announces that in keeping
with current market rates for preferred shares with similar terms,
the Preferred Share (“FTN.PR.A”) dividend rate for the fiscal year
commencing December 1, 2024 will be set at 8.50% (previously
9.25%). Monthly payments to FTN.PR.A will be $0.07083 per share for
an annual yield of 8.50% on their $10.00 redemption value.
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 info@quadravest.com
416-304-4443 Toll free at 1-877-4-Quadra
(1-877-478-2372) or visit www.financial15.com
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