Financial 15 Split Corp. has released its Annual Report to November 30, 2012.
| FTN / FTN.PR.A Performance | ||||
| Instrument | One Year |
Three Years |
Five Years |
Since Inception |
| Whole Unit | +14.66% | +1.99% | -3.12% | +2.24% |
| FTN.PR.A | +5.38% | +5.38% | +5.38% | +5.37% |
| FTN | +44.61% | -4.85% | -12.28% | -2.19% |
| S&P/TSX Financial Index | +17.82% | +8.12% | +1.69% | +8.20% |
| S&P 500 Financial Index | +21.90% | +1.89% | -10.88% | -6.35% |
| 2/3 Canada +1/3 US [JH Calc] |
+19.18% | +6.04% | -2.50% | +3.35% |
Figures of interest are:
MER: 0.99%
Average Net Assets: We need this to calculate portfolio yield. Use the Average of the beginning and end of year figures: ($133.2-million + $120.8-million)/2 = $127.0-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 4,385,579 divided by average net assets of 127.0-million is 3.45%
Income Coverage: Net Investment Income of 3,100,744, divided by Preferred Share Distributions of 4,857,410 is 64%.
These figures are close to the previously reported and calculated semi-annual figures.