{"id":48202,"date":"2017-03-12T20:41:00","date_gmt":"2017-03-13T00:41:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48202"},"modified":"2025-07-15T20:42:30","modified_gmt":"2025-07-16T00:42:30","slug":"ftn-pr-a-annual-report-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48202","title":{"rendered":"FTN.PR.A : Annual Report, 2016"},"content":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2016<\/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+16.17%<\/td>\n+13.08%<\/td>\n+17.33%<\/td>\n+3.49%<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n<\/tr>\n
FTN<\/td>\n+37.86%<\/td>\n+26.24%<\/td>\n+42.92%<\/td>\n+4.51%<\/td>\n<\/tr>\n
S&P\/TSX Financial Index<\/td>\n+16.11%<\/td>\n+10.73%<\/td>\n+14.90%<\/td>\n+7.02%<\/td>\n<\/tr>\n
S&P 500 Financial Index<\/td>\n+16.49%<\/td>\n+20.17%<\/td>\n+25.71%<\/td>\n+1.27%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

MER: 1.16% 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 1.16% Total Expenses of 3,834,619 implies $331-million net assets. Preferred Share distributions of 9,986,252 @ 0.525 \/ share implies 19.0-million shares out on average. Average Unit Value (beginning & end of year) = (16.85 + 17.18) \/ 2 = 17.02. Therefore 19.0-million @ 17.02 = 323-million average net assets. Good agreement between these two methods! Call it 327-million average.<\/p>\n

Underlying Portfolio Yield: Dividends received (net of withholding) of 9,514,391 divided by average net assets of 327-million is 2.91%<\/p>\n

Income Coverage: Net Investment Income of 5,990,665 divided by Preferred Share Distributions of 9,986,252 is 60%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial 15 Split Inc. has released its Annual Report to November 30, 2016. FTN \/ FTN.PR.A Performance Instrument OneYear ThreeYears FiveYears TenYears Whole Unit +16.17% +13.08% +17.33% +3.49% FTN.PR.A +5.38% +5.38% +5.38% +5.38% FTN +37.86% …<\/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-48202","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48202","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=48202"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48202\/revisions"}],"predecessor-version":[{"id":48203,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48202\/revisions\/48203"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}