{"id":25572,"date":"2014-06-15T21:32:55","date_gmt":"2014-06-16T02:32:55","guid":{"rendered":"http:\/\/prefblog.com\/?p=25572"},"modified":"2014-06-15T21:32:55","modified_gmt":"2014-06-16T02:32:55","slug":"ftn-pr-a-annual-report-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=25572","title":{"rendered":"FTN.PR.A Annual Report 2013"},"content":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2013<\/a>.<\/p>\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		Ten
Years<\/td>\n<\/tr>\n
Whole Unit<\/td>\n+34.15%<\/td>\n+11.20%<\/td>\n+11.19%<\/td>\n+3.76%<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.40%<\/td>\n<\/tr>\n
FTN<\/td>\n+104.94%<\/td>\n+20.45%<\/td>\n+20.22%<\/td>\n+2.88%<\/td>\n<\/tr>\n
S&P\/TSX Financial Index<\/td>\n+25.17%<\/td>\n+12.64%<\/td>\n+15.34%<\/td>\n+9.81%<\/td>\n<\/tr>\n
S&P 500 Financial Index<\/td>\n+48.38%<\/td>\n+17.49%<\/td>\n+9.75%<\/td>\n-1.99%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

MER: 1.17% of thw whole unit value, excluding one time initial offering expenses.<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. MER of 1.17% Total Expenses of 1,735,619 implies $148-million net assets. Preferred Share distributions of 4,921,219 @ 0.525 \/ share implies 9.37-million shares out on average. Average Unit Value (beginning & end of year) = (17.14 + 14.37) \/ 2 = 15.75. Therefore 9.37-million @ 15.75 = 147-million average net assets. Good agreement between these two methods! Call it 148-million average.<\/p>\n

Underlying Portfolio Yield: Dividends received (net of withholding) of 4,234,884 divided by average net assets of 148-million is 2.86%<\/p>\n

Income Coverage: Net Investment Income of 2,499,265 divided by Preferred Share Distributions of 4,921,219 is 51%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2013. FTN \/ FTN.PR.A Performance Instrument OneYear ThreeYears FiveYears TenYears Whole Unit +34.15% +11.20% +11.19% +3.76% FTN.PR.A +5.38% +5.38% +5.38% +5.40% FTN +104.94% …<\/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-25572","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25572","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=25572"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25572\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}