Understanding Financial 15 Split Corp. Preferred Shares
Overview of Financial 15 Split Corp.
The Financial 15 Split Corp. is a dynamic investment entity with a robust portfolio comprising 15 prominent North American financial services companies. This blend of Canadian and U.S. issuers ensures a diversified investment approach, appealing to various investor segments.
Preferred Share Dividend Rate Announcement
In response to the prevailing market conditions for preferred shares, Financial 15 Split Corp. has announced a new dividend rate. Starting December 1, 2024, the Preferred Share (symbol: FTN.PR.A) will offer an attractive dividend rate of 8.50%, a decrease from the previously set rate of 9.25%. This adjustment reflects the ongoing changes in market rates.
Details of the Preferred Shares
For shareholders of FTN.PR.A, this translates to monthly dividends of $0.07083 per share based on the shares' redemption value of $10.00. The yield of 8.50% remains competitive, providing consistent returns for long-term investors.
Portfolio Composition of Financial 15 Split Corp.
The company’s portfolio consists of a well-curated selection of financial institutions, which enhances its market presence and stability. Among the notable names in the portfolio are:
- 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.
Investor Relations and Contact Information
For those interested in learning more about Financial 15 Split Corp., the company offers channels for further information. Interested parties can reach out to Financial 15 Split Corp. Investor Relations for inquiries or additional details about the investment opportunities.
Contact Details
To contact the Investor Relations team, you can call 416-304-4443 or toll-free at 1-877-4-Quadra (1-877-478-2372). Alternatively, you can send an email to info@quadravest.com. For comprehensive information regarding the company and its offerings, visit www.financial15.com.
Frequently Asked Questions
What is the new dividend rate for FTN.PR.A?
The new dividend rate for Preferred Share FTN.PR.A is set at 8.50%.
How much will the monthly dividend be for shareholders?
Shareholders will receive $0.07083 per share each month.
What companies are included in the Financial 15 Split Corp.'s portfolio?
The portfolio includes prominent financial institutions like Bank of Montreal, National Bank of Canada, and Bank of America Corp., among others.
How can I contact Financial 15 Split Corp. for more information?
You can contact them via phone at 416-304-4443 or toll-free at 1-877-4-Quadra, or by emailing info@quadravest.com.
Where can I find more details about Financial 15 Split Corp.?
More information can be found on their official website at www.financial15.com.
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