{"id":14463,"date":"2011-03-17T20:03:38","date_gmt":"2011-03-18T00:03:38","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=14463"},"modified":"2011-03-17T20:03:38","modified_gmt":"2011-03-18T00:03:38","slug":"ftn-pr-a-annual-report","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=14463","title":{"rendered":"FTN.PR.A Annual Report 2010"},"content":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2010<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n
FTN \/ FTN.PR.A Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n		Five
Years<\/td>\n<\/tr>\n
Whole Unit<\/td>\n+3.49%<\/td>\n-5.92%<\/td>\n-1.86%<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n<\/tr>\n
FTN<\/td>\n+0.79%<\/td>\n-15.25%<\/td>\n-8.02%<\/td>\n<\/tr>\n
S&P\/TSX 60 Financial Index<\/td>\n+8.59%<\/td>\n-1.84%<\/td>\n+3.64%<\/td>\n<\/tr>\n
S&P 500 Financial Index<\/td>\n-3.23%<\/td>\n-19.88%<\/td>\n-14.64%<\/td>\n<\/tr>\n
2\/3 Can + 1\/3 US
Calculations by JH<\/i><\/p>\n		+4.65%<\/td>\n-7.85%<\/td>\n-2.45%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Figures of interest are:<\/p>\n

MER: 1.16% of thw whole unit value, excluding one time initial offering expenses. These were taken as a direct hit to Shareholders’ Equity and bypassed the Income Statement.<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. MER of 1.16% Total Expenses of 1,648,741 implies $142-million net assets. Preferred Share distributions of 4,511,294 @ 0.525 \/ share implies 8.6-million shares out on average. Average Unit Value (beginning & end of year) = (15.95 + 17.39) \/ 2 = 16.67. Therefore 8.6-million @ 16.67 = 143.4-million average net assets. Good agreement between these two methods! Call it 143-million average.<\/p>\n

Underlying Portfolio Yield: Dividends received (net of withholding) of 3,940,069 divided by average net assets of 143-million is 2.76%<\/p>\n

Income Coverage: Net Investment Income of 2,291,328 divided by Preferred Share Distributions of 4,511,294 is 51%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2010. FTN \/ FTN.PR.A Performance Instrument OneYear ThreeYears FiveYears Whole Unit +3.49% -5.92% -1.86% FTN.PR.A +5.38% +5.38% +5.38% FTN +0.79% -15.25% -8.02% S&P\/TSX …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14463","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14463"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14463\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}