{"id":7484,"date":"2009-08-06T00:42:51","date_gmt":"2009-08-06T04:42:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7484"},"modified":"2009-08-06T00:42:51","modified_gmt":"2009-08-06T04:42:51","slug":"ftnpra-semi-annual-financials","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7484","title":{"rendered":"FTN.PR.A, FFN.PR.A, FTU.PR.A: Semi-Annual Financials"},"content":{"rendered":"<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"4\">Quadravest<br \/>SplitShare<br \/>Corporations<\/a><\/td>\n<\/tr>\n<tr>\n<td>Ticker<\/td>\n<td>Income<br \/>Coverage<br \/>1H09<\/td>\n<td>Asset<br \/>Coverage<br \/>2009-7-31<\/td>\n<td>Last<br \/>PrefBlog<br \/>Mention<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.financial15.com\/pdf\/FTN\/FTNsemi09.pdf\">FTN.PR.A<\/a><\/td>\n<td>1.2+:1<\/td>\n<td>1.8+:1<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=6896\">Capital<br \/>Unit<br \/>Dividend<br \/>Reinstated<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.financial15.com\/pdf\/FFN\/FFNsemi2009.pdf\">FFN.PR.A<\/a><\/td>\n<td>1.0+:1<\/td>\n<td>1.6-:1<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=5484\">Downgraded<br \/>Pfd-5(high)<\/a><\/tr>\n<tr>\n<td><a href=\"http:\/\/www.financial15.com\/pdf\/FTU\/FTUsemi2009.pdf\">FTU.PR.A<\/a><\/td>\n<td>0.1+:1<b>*<\/b><\/td>\n<td>0.6+:1<b>**<\/b><\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=5686\">Preferred<br \/>Dividend<br \/>Suspended<\/a><\/tr>\n<tr>\n<td colspan=\"4\"><b>*<\/b> <i>For income coverage purposes, the full accumulated dividend is counted, regardless of whether this was actually paid or merely cumulated<\/i><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><b>**<\/b> <i>For asset coverage purposes, the cumulated but unpaid dividend is considered a prior claim on assets. The cumulated amount was 17.5 cents per share; which may be considered as belonging to the preferred shareholders in addition to the stated NAV.<\/i><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>As a fascinating aside, the FTN.PR.A financials show a recovery of $20,000 in service fees; sadly, this unusual item is not explained in the note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>QuadravestSplitShareCorporations Ticker IncomeCoverage1H09 AssetCoverage2009-7-31 LastPrefBlogMention FTN.PR.A 1.2+:1 1.8+:1 CapitalUnitDividendReinstated FFN.PR.A 1.0+:1 1.6-:1 DowngradedPfd-5(high) FTU.PR.A 0.1+:1* 0.6+:1** PreferredDividendSuspended * For income coverage purposes, the full accumulated dividend is counted, regardless of whether this was actually paid &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-7484","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7484","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=7484"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7484\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}