{"id":15832,"date":"2011-07-29T13:12:35","date_gmt":"2011-07-29T17:12:35","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=15832"},"modified":"2011-07-29T13:12:35","modified_gmt":"2011-07-29T17:12:35","slug":"ftn-pr-a-11h1-semi-annual-report","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=15832","title":{"rendered":"FTN.PR.A: 11H1 Semi-Annual Report"},"content":{"rendered":"<p>Financial 15 Split Inc. has released its <a href=\"http:\/\/www.financial15.com\/pdf\/FTN\/FTN%20semi%202011.pdf\">Semi-Annual Report to May 31, 2011<\/a>.<\/p>\n<p>There&#8217;s an interesting line item in the statement of expenses: Capital tax, $7,103. I can&#8217;t figure that one out, and it&#8217;s not mentioned anywhere else in the document &#8230; but it&#8217;s minor, so we&#8217;ll let it go.<\/p>\n<p>Figures of interest are:<\/p>\n<p>MER: 1.22% of the whole unit value.<\/p>\n<p>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.<\/p>\n<p>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%<\/p>\n<p>Income Coverage: Net Investment Income of 1,286,575 divided by Preferred Share Distributions of 2,428,897 is 53%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial 15 Split Inc. has released its Semi-Annual Report to May 31, 2011. There&#8217;s an interesting line item in the statement of expenses: Capital tax, $7,103. I can&#8217;t figure that one out, and it&#8217;s not &hellip;<\/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-15832","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15832","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=15832"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15832\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}