Financial 15 Split Inc. has released its Semi-Annual Report to May 31, 2011.
There’s an interesting line item in the statement of expenses: Capital tax, $7,103. I can’t figure that one out, and it’s not mentioned anywhere else in the document … but it’s minor, so we’ll let it go.
Figures of interest are:
MER: 1.22% of the whole unit value.
Average Net Assets: We need this to calculate portfolio yield. [147.6-million (NAV, beginning of period) + 147.8-million (NAV, end of period)] / 2 = about 148-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 2,216,733, times two (semi-annual) divided by average net assets of 148-million is 3.00%
Income Coverage: Net Investment Income of 1,286,575 divided by Preferred Share Distributions of 2,428,897 is 53%.
This entry was posted on Friday, July 29th, 2011 at 1:12 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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FTN.PR.A: 11H1 Semi-Annual Report
Financial 15 Split Inc. has released its Semi-Annual Report to May 31, 2011.
There’s an interesting line item in the statement of expenses: Capital tax, $7,103. I can’t figure that one out, and it’s not mentioned anywhere else in the document … but it’s minor, so we’ll let it go.
Figures of interest are:
MER: 1.22% of the whole unit value.
Average Net Assets: We need this to calculate portfolio yield. [147.6-million (NAV, beginning of period) + 147.8-million (NAV, end of period)] / 2 = about 148-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 2,216,733, times two (semi-annual) divided by average net assets of 148-million is 3.00%
Income Coverage: Net Investment Income of 1,286,575 divided by Preferred Share Distributions of 2,428,897 is 53%.
This entry was posted on Friday, July 29th, 2011 at 1:12 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.