FTN Financial 15 Split Corp Class A Share https://canadianpreferredshares.ca/FTN-Financial-15-Split-Corp-class-a-share/


FTN Financial 15 Split Corp Class A Share

In this page I have compiled the information which allows you to evaluate FTN Financial 15 Split Corp Class A Share, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Class A shares of this split-corporation. Your goal is to determine if this issue meets your requirements. These tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares.

Financial 15 Split Corp Brief Overview

Visit the Financial 15 Split Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. Financial 15 Split Corporation is a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers. The portfolio shares have demonstrated a record of above-average long-term share performance and dividend growth. Financial Services companies are expected to benefit from a growing economic and capital markets recovery, earnings growth momentum and continued consolidation trends within the industry.
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest funds"

Financial 15 Split Corporation offers two type of shares,

  1. (i) Class A shares: to provide holders of Class A Shares with regular monthly cash distributions in an amount to be determined by the Board of Directors; and (ii) to permit holders to participate in all growth in the net asset value of the Company above $10 per Unit, by paying holders on or about the termination date of December 1, 2025 (subject to further 5 year extensions thereafter) such amounts as remain in the Company after paying $10 per Preferred Share.
  2. Preferred Shares: (i) to provide holders of Preferred Shares with cumulative preferential monthly cash dividends currently in the amount of 6.75% annually, to be set by the Board of Directors annually and subject to a minimum of 5.5% until 2025; and (ii) on or about the termination date of December 1, 2025 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares $10 per Preferred Share.

I can not find what the Nav Threshold is for this one. Also it has a bad credit rating.

The latest information and statistics on their common stock FTN, can be easily accessed using websites like TMX Money.

Financial 15 Split Corp Credit Rating

The latest credit rating for Financial 15 Split Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS PreferredsS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
PFD-3L

Financial 15 Split Corp Class A Share Metrics

Symbol: TSE:FTNPrice: $9.70Currency: CADName: Financial 15 Split Corp :  
Dividend: $0.1258Target Yield: 10.06%Current Yield: 15.56%Dividend Pay Frequency: Monthly :  
Current NAV: $18.61NAV As Of Date: 2022-11-15NAV Threshold: $15.00Class A Only NAV: N/AClass A Issue Price: $15.00
Variable Dividend: NOutstanding Float: 21,188,717Total Distributions: $33.62Class A Only Distributions: N/AIssuer Name: Quadravest

FTN Net Asset Value vs Threshold over time

The graph below shows relation between the Split Share Net Asset Value and the dividend payout threshold for split shares ( FTN ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold of $15.00, the dividend will not be paid out.

FTN Current Yield over time

The graph below shows the Current Yield of the Class A share ( FTN ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold, the dividend will not be paid out.

FTN Class A of Split Share Stock Short Position over time

The graph below shows the short position for FTN Class A share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).

Currently the outstanding float for FTN is 21,188,717 and the latest short position is 37,300. Thus the current short position is 0.1800% of the outstanding float.