North American Financial 15 Split Corp. has released its Semi-Annual Report to May 31, 2015.
Figures of interest are:
MER: 1.31% 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 [129.2-million (NAV at beginning of period) + 126.6-million (NAV at end of period)] / 2 = 127.9-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 1.874-million times two because it’s only half a year divided by average net assets of 127.9-million is 2.93%
Income Coverage: Net Investment Income of 982,591 divided by Preferred Share Distributions of 1,978,585 is 50%.
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FFN.PR.A: 15H1 Semi-Annual Report
North American Financial 15 Split Corp. has released its Semi-Annual Report to May 31, 2015.
Figures of interest are:
MER: 1.31% 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 [129.2-million (NAV at beginning of period) + 126.6-million (NAV at end of period)] / 2 = 127.9-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 1.874-million times two because it’s only half a year divided by average net assets of 127.9-million is 2.93%
Income Coverage: Net Investment Income of 982,591 divided by Preferred Share Distributions of 1,978,585 is 50%.
This entry was posted on Monday, December 14th, 2015 at 5:53 am 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.