{"id":7869,"date":"2009-09-12T15:01:41","date_gmt":"2009-09-12T19:01:41","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7869"},"modified":"2009-09-12T15:01:41","modified_gmt":"2009-09-12T19:01:41","slug":"ffnpra-resumes-capital-unit-dividend","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7869","title":{"rendered":"FFN.PR.A Resumes Capital Unit Dividend"},"content":{"rendered":"<p>Missed this when it came out &#8230; on August 19, <a href=\"http:\/\/www.financial15.com\/pdf\/FFN\/FFN%20Aug19.09.pdf\">Financial 15 Split II announced<\/a>:<\/p>\n<blockquote><p>its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable September 10, 2009 to shareholders on record as at August 31, 2009.<\/p><\/blockquote>\n<p>as opposed to its <a href=\"http:\/\/www.financial15.com\/pdf\/FFN\/FFN%20July20.09.pdf\">July announcement<\/a>:<\/p>\n<blockquote><p>regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable August 10, 2009 to shareholders on record as at July 31, 2009. There will not be a distribution paid to Financial 15 II Class A Shares for July 31, 2009 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of July 15, 2009 was $14.71.<\/p><\/blockquote>\n<p>FFN.PR.A was last mentioned on PrefBlog when it was <a href=\"http:\/\/www.prefblog.com\/?p=7675\">upgraded to Pfd-4(high) by DBRS<\/a>. In the first half of 2009, its <a href=\"http:\/\/www.prefblog.com\/?p=7484\">income coverage was 1.0+:1<\/a>. The Capital Unit divided was <a href=\"http:\/\/www.prefblog.com\/?p=4057\">suspended in November 2008<\/a>.<\/p>\n<p>FFN.PR.A is tracked by HIMIPref&trade;, but has been relegated to the &#8220;Scraps&#8221; index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Missed this when it came out &#8230; on August 19, Financial 15 Split II announced: its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 &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-7869","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7869","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=7869"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7869\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}