{"id":28284,"date":"2015-03-16T00:05:10","date_gmt":"2015-03-16T05:05:10","guid":{"rendered":"http:\/\/prefblog.com\/?p=28284"},"modified":"2015-03-16T00:05:10","modified_gmt":"2015-03-16T05:05:10","slug":"28284","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=28284","title":{"rendered":"FTN.PR.A: Annual Report 2014"},"content":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2014<\/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+16.59%<\/td>\n+21.49%<\/td>\n+10.66%<\/td>\n+4.30%<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.37%<\/td>\n<\/tr>\n
FTN<\/td>\n+33.94%<\/td>\n+58.33%<\/td>\n+18.79%<\/td>\n+4.53%<\/td>\n<\/tr>\n
S&P\/TSX Financial Index<\/td>\n+18.77%<\/td>\n+20.54%<\/td>\n+13.45%<\/td>\n+9.99%<\/td>\n<\/tr>\n
S&P 500 Financial Index<\/td>\n+24.64%<\/td>\n+31.12%<\/td>\n+14.36%<\/td>\n-0.05%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

MER: 1.48% of the whole unit value, excluding one time initial offering expenses.<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. MER of 1.48% Total Expenses of 3,284,849 implies $222-million net assets. Preferred Share distributions of 6,781,917 @ 0.525 \/ share implies 12.9-million shares out on average. Average Unit Value (beginning & end of year) = (17.76 + 17.14) \/ 2 = 17.45. Therefore 12.9-million @ 17.45 = 225-million average net assets. Good agreement between these two methods! Call it 224-million average.<\/p>\n

Underlying Portfolio Yield: Dividends received (net of withholding) of 5,526,373 divided by average net assets of 224-million is 2.47%<\/p>\n

Income Coverage: Net Investment Income of 2,242,511 divided by Preferred Share Distributions of 6,781,917 is 33%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2014. FTN \/ FTN.PR.A Performance Instrument OneYear ThreeYears FiveYears TenYears Whole Unit +16.59% +21.49% +10.66% +4.30% FTN.PR.A +5.38% +5.38% +5.38% +5.37% FTN +33.94% …<\/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-28284","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28284","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=28284"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28284\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}