Financial 15 Split Corp. Increases Preferred Share Rate to 6%

Author: Thomas Cooper Updated: 09-23-2025 09:06 AM

Financial 15 Split Corp. Announces Dividend Rate Increase

The announcement from the Financial 15 Split Corp. has excited many investors as it reveals changes to the preferred share dividend rates. The company has decided to raise the minimum annual dividend rate for its FTN.PR.A Preferred Shares from 5.50% to 6.00%. This change will take effect at the beginning of December as part of a new five-year term.

Details on Dividend Adjustments

Effective December 1, the newly adjusted payment rate will also be set at 7.25%, down from an earlier rate of 8.50%. Investors should note that this new rate has been established based on a repayment value of $10.00. Shareholders have already enjoyed generous distributions totalling $12.69 per share since the inception of the preferred shares.

Term Extension for Preferred Shareholders

In conjunction with the changes in dividend rates, Financial 15 Split Corp. announced an extension of its termination date by an additional five years, now set to conclude on December 1, 2030. This extension provides shareholders with more flexibility regarding their investments. Those who do not wish to continue holding their shares have the option to exercise a retraction right, allowing them to tender their shares for a price reflecting the net asset value as of November 28, 2025.

Investment Focus and Portfolio Composition

The company maintains a diverse and quality investment portfolio composed of prominent financial service companies in both Canada and the United States. This includes industry leaders such as Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and other notable institutions like Royal Bank of Canada and Toronto-Dominion Bank. They also hold positions in major U.S. firms like Bank of America, Citigroup, and Goldman Sachs.

Investor Relations and Communication

For inquiries, the company provides a dedicated investor relations line at 1-877-478-2372, with a local option at 416-304-4443 to assist shareholders. More information can be found on their official site or by contacting their provided email address for further details about investments and updates.

Frequently Asked Questions

What is the new dividend rate for FTN.PR.A Preferred Shares?

The annual dividend rate for FTN.PR.A Preferred Shares will increase to 6.00% from 5.50%.

When does the new dividend rate take effect?

The new dividend rate takes effect on December 1, 2025.

What options do shareholders have regarding their shares?

Shareholders may retract their shares at a price based on net asset value or sell them on the market.

What financial institutions are included in the company’s portfolio?

The portfolio includes major banks and financial services like Bank of Montreal, Royal Bank of Canada, and Goldman Sachs.

How can investors contact the company for more information?

Investors can call 1-877-478-2372 or email at info@quadravest.com for inquiries and assistance.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

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