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%.