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Classified in: Business

Financial 15 Split Corp. Preferred Share Rate Increase

TORONTO, ONTARIO--(Marketwired - Sept. 29, 2017) - Financial 15 Split Corp. (the "Company") is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2017. Monthly payments to FTN.PR.A will be $0.04583 per share for an annual yield of 5.50% on their $10 redemption value. This is an increase of one quarter of one percent over the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

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 Services of Canada   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.

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News published on 29 september 2017 at 17:03 and distributed by: