{"id":22763,"date":"2013-08-11T18:45:59","date_gmt":"2013-08-11T22:45:59","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22763"},"modified":"2013-08-11T18:45:59","modified_gmt":"2013-08-11T22:45:59","slug":"ftn-pr-a-semi-annual-report-13h1","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22763","title":{"rendered":"FTN.PR.A Semi-Annual Report 13H1"},"content":{"rendered":"<p>Financial 15 Split Corp. has released its <a href=\"http:\/\/www.financial15.com\/pdf\/FTN\/FTN_semi13.pdf\">Semi-Annual Report to May 31, 2013<\/a>.<\/p>\n<p>Figures of interest are:<\/p>\n<p>MER: 1.19%<\/p>\n<p>Average Net Assets: We need this to calculate portfolio yield. The Total Assets of the fund at year end was $133.2-million, compared to $147.0-million on May 31, so call it an average of $140.1-million. Total Preferred Share Distribution for the six months was $2.427-million, at $0.525\/share p.a. implies an average of 9.25-million units, at an average NAV of ((15.89 + 14.37) \/ 2 = 15.13, so call it $140.0-million. Pretty close! Call the average net assets $140-million<\/p>\n<p>Underlying Portfolio Yield: Semi-annual dividends received (net of withholding) of 2,066,050 divided by average net assets of 140-million is 2.95%<\/p>\n<p>Income Coverage: Net Investment Income of 1,218,283, divided by Preferred Share Distributions of 2,426,598 is 50.2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial 15 Split Corp. has released its Semi-Annual Report to May 31, 2013. Figures of interest are: MER: 1.19% Average Net Assets: We need this to calculate portfolio yield. The Total Assets of the fund &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-22763","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22763","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=22763"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22763\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}