FTN.PR.A, FFN.PR.A, FTU.PR.A: Semi-Annual Financials

Quadravest
SplitShare
Corporations
Ticker Income
Coverage
1H09
Asset
Coverage
2009-7-31
Last
PrefBlog
Mention
FTN.PR.A 1.2+:1 1.8+:1 Capital
Unit
Dividend
Reinstated
FFN.PR.A 1.0+:1 1.6-:1 Downgraded
Pfd-5(high)
FTU.PR.A 0.1+:1* 0.6+:1** Preferred
Dividend
Suspended
* For income coverage purposes, the full accumulated dividend is counted, regardless of whether this was actually paid or merely cumulated
** For asset coverage purposes, the cumulated but unpaid dividend is considered a prior claim on assets. The cumulated amount was 17.5 cents per share; which may be considered as belonging to the preferred shareholders in addition to the stated NAV.

As a fascinating aside, the FTN.PR.A financials show a recovery of $20,000 in service fees; sadly, this unusual item is not explained in the note.

One Response to “FTN.PR.A, FFN.PR.A, FTU.PR.A: Semi-Annual Financials”

  1. […] was last mentioned on PrefBlog when they published the 2009 Semi-Annual Financials. FTU.PR.A is tracked by HIMIPref™ but is relegated to the Scraps index on credit […]

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