| Quadravest SplitShare Corporations |
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| Ticker | Income Coverage 1H09 |
Asset Coverage 2009-7-31 |
Last PrefBlog Mention |
| FTN.PR.A | 1.2+:1 | 1.8+:1 | Capital Unit Dividend Reinstated |
| FFN.PR.A | 1.0+:1 | 1.6-:1 | Downgraded Pfd-5(high) |
| FTU.PR.A | 0.1+:1* | 0.6+:1** | Preferred Dividend Suspended |
| * For income coverage purposes, the full accumulated dividend is counted, regardless of whether this was actually paid or merely cumulated | |||
| ** For asset coverage purposes, the cumulated but unpaid dividend is considered a prior claim on assets. The cumulated amount was 17.5 cents per share; which may be considered as belonging to the preferred shareholders in addition to the stated NAV. | |||
As a fascinating aside, the FTN.PR.A financials show a recovery of $20,000 in service fees; sadly, this unusual item is not explained in the note.
[…] was last mentioned on PrefBlog when they published the 2009 Semi-Annual Financials. FTU.PR.A is tracked by HIMIPref™ but is relegated to the Scraps index on credit […]