Rank Financial 15 Split Corp Preferreds  https://canadianpreferredshares.ca/rank-financial-15-split-corp-preferreds/


Rank Financial 15 Split Corp Preferreds

This compare tool allows you to Rank Financial 15 Split Corp Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Financial 15 Split Corp preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, 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. Since all preferreds belong to the same issuer, the risk is the same for all of them.

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 Instument:

  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.

Dividend Payment Schedule: 2021MAR10 , 2021JUN10 , 2021SEP10 , 2021DEC10

Ex Dividend Date Schedule: 2021FEB27 , 2021MAY28 , 2021AUG28 , 2021NOV28

 

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 Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
PFD-4H



 
 

Rank Financial 15 Split Corp Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase.
  7. New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float. This is the outstanding float for this preferred.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
Last Updated: Market Data Feb-25 18:34, Model Metrics Feb-25 18:58
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
FTN-A FTN.PR.A CA3175041084 $10.38$10.56$6.82split share + 5.50%05.30% $0.5500Financial_15_Split_Corporation_5.5%
Rank E Split Corp Preferreds - https://canadianpreferredshares.ca/

Additional Information

Continue to Rank Financial 15 Split Corp Preferreds  page 2 of 2 where you can find

  1. Graph of all preferred share yields
  2. Propsectus Information
  3. Consolidated Short Position Reports for each Financial 15 Split Corp Preferred