Financial 15 Split Corp. Increases Preferred Share Dividend Rate

Author: Henry Turner Updated: 09-23-2025 09:20 AM

Financial 15 Split Corp. Announces Preferred Share Rate Increase

In a recent development, Financial 15 Split Corp. is excited to inform investors about the increase in the minimum annual dividend rate for its FTN.PR.A Preferred Shares. Starting December 1 for the new five-year term, the rate will rise to 6.00%, a slight increase from the previous 5.50%. The reset payment rate, which is subject to annual adjustments, will be set at 7.25% per annum based on a $10.00 repayment value, a decrease from the former rate of 8.50%.

Distribution Achievements and Dividend Policies

Since the inception of these shares, investors have enjoyed a total distribution of $12.69 per share, which emphasizes the company’s commitment to providing value to its shareholders. Notably, the dividend policy for the FTN Class A Shares remains steady with an ongoing target rate of $0.12570 per month or $1.5084 annually.

Extended Company Term and Shareholder Options

Building on its commitment to shareholders, Financial 15 Split Corp. previously announced an extension of the company’s termination date. This duration has been expanded by an additional five years, now lasting until December 1, 2030. Shareholders have been granted retraction rights, allowing those who wish to exit their investment to retraction one or both classes of shares. They can receive a retraction price determined by the November 28 net asset value per unit. Alternatively, shareholders have the option to sell their shares on the market at the current trading price or hold onto their investments.

Investment Portfolio Highlights

The company’s investment strategy focuses on a high-quality portfolio comprising leading financial services companies, both in Canada and the U.S. This diversified lineup includes notable enterprises such as Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto-Dominion Bank, among others. The company also invests in significant U.S. firms like Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co.

This rigorous selection process underscores the potential for steady returns in the financial sector. Investors looking for stability and reliable income streams can benefit from Financial 15 Split Corp.'s well-curated investment approach.

Investor Communication and Relationship

For any inquiries, shareholders and potential investors can reach out through the dedicated investor relations hotline at 1-877-478-2372 or locally at 416-304-4443. Additionally, they can visit the company’s website for more information or assistance with their investments.

The company values transparency and thorough communication, always ensuring that shareholders have access to essential information about their investments.

Frequently Asked Questions

What changes were announced regarding the dividend rates?

The minimum annual dividend rate for the FTN.PR.A Preferred Shares will increase from 5.50% to 6.00% starting December 1, with a reset payment rate of 7.25% per annum.

How much have shareholders received in distributions?

Shareholders have received a total distribution of $12.69 per share since inception.

What is the current dividend policy for FTN Class A Shares?

The dividend policy for FTN Class A Shares remains unchanged, targeting $0.12570 per month or $1.5084 per annum.

What options do shareholders have with their shares?

Shareholders can either tender their shares for retraction based on net asset value or choose to sell them in the market at any time.

What companies does Financial 15 Split Corp. invest in?

The company invests in a portfolio of high-quality financial services firms, including both Canadian and U.S. institutions.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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