FFN.PR.A: Capital Units Dividend Suspended

Financial 15 Split Corp. II has announced:

There will not be a distribution paid to Financial 15 II Class A Shares for June 30, 2010 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of June 15, 2010 was $14.47.

FFN.PR.A was last mentioned on PrefBlog when the capital unit dividend was suspended in February (it was reinstated in March). FFN.PR.A is tracked by HIMIPref™, but is relegated to the Scraps index on credit concerns.

This entry was posted on Tuesday, June 22nd, 2010 at 12:57 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “FFN.PR.A: Capital Units Dividend Suspended”

  1. FFN.PR.A Releases Semi-Annual Report « PrefBlog says:
    July 30, 2010 at 12:33 am

    […] was last mentioned on PrefBlog when the Capital Unit Distribution was suspended in June (hah! No Service Fees to pay this quarter!). FFN.PR.A is tracked by HIMIPref™, but is […]

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