Financial 15 Split Corp. II has released its Annual Report to November 30, 2010.
| FFN / FFN.PR.A Performance |
| Instrument |
One
Year |
Three
Years |
Five
Years |
| Whole Unit |
+2.11% |
-8.54% |
-3.81% |
| FTN.PR.A |
+5.38% |
+5.38% |
+5.38% |
| FTN |
-4.67% |
-23.57% |
-14.04% |
| S&P/TSX 60 Financial Index |
+8.59% |
-1.84% |
+3.64% |
| S&P 500 Financial Index |
-3.23% |
-19.88% |
-14.64% |
2/3 Can + 1/3 US
Calculations by JH
| +4.65% |
-7.85% |
-2.45% |
Figures of interest are:
MER: 1.03% of the whole unit value
Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so just calculate as 5,688,250 [Units] * average NAVPU of (15.30 + 14.60) / 2 = 14.95 so $85-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 2,489,225 divided by average net assets of 85-million is 2.93%.
Income Coverage: Net Investment Income of 1,625,891 divided by Preferred Share Distributions of 2,986,331 is 54%.
This entry was posted on Thursday, March 17th, 2011 at 8:31 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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FFN.PR.A Annual Report
Financial 15 Split Corp. II has released its Annual Report to November 30, 2010.
Year
Years
Years
Calculations by JH
Figures of interest are:
MER: 1.03% of the whole unit value
Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so just calculate as 5,688,250 [Units] * average NAVPU of (15.30 + 14.60) / 2 = 14.95 so $85-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 2,489,225 divided by average net assets of 85-million is 2.93%.
Income Coverage: Net Investment Income of 1,625,891 divided by Preferred Share Distributions of 2,986,331 is 54%.
This entry was posted on Thursday, March 17th, 2011 at 8:31 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.