Financial 15 Split Corp.
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- Financial 15 Split Corp. is a Canadian split-share mutual fund corporation that invests in a portfolio of 15 high-quality financial services companies from Canada and the United States, including Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank, Manulife Financial, Sun Life Financial, Great-West Lifeco, Bank of America, Citigroup Inc., Goldman Sachs, JPMorgan Chase & Co., and Wells Fargo & Co. The corporation, founded in 2003 and headquartered in Toronto, Ontario, offers two classes of shares traded on the Toronto Stock Exchange: Class A shares (TSX: FTN, OTC: FNNCF) targeting regular monthly cash distributions and capital appreciation above the preferred share redemption level; and Preferred shares (TSX: FTN.PR.A) providing fixed cumulative preferential monthly dividends currently yielding 8.50% annually, subject to a minimum of 5.5% until 2025, with a $10 redemption priority on the termination date of December 1, 2030, extendable in five-year increments. Managed by Quadravest Capital Management Inc., the fund emphasizes enhanced yield for retail investors through diversification in the financial sector, with up to 15% of net asset value allocated to other equity securities beyond core holdings; it maintains a Pfd-3 rating from DBRS as of February 2025 and remains eligible for registered accounts. Recent developments include the renewal of an at-the-market equity program, completion of an overnight offering raising $92.22 million as of November 2025, and consistent monthly dividend declarations for both share classes, alongside financial results reported to May 31, 2024, and November 30, 2023, reflecting ongoing portfolio management amid financial sector growth trends.
Financial 15 Split Corp. Announces Class A Share Split and Increased Total Distributions
Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share
US Financial 15 Split Corp. Preferred Dividend Declared
Financial 15 Split Corp. Announces Class A Share Split and Increased Total Distributions
Financial 15 Split Corp. Completes Overnight Offering of $92,220,000
Financial 15 Split Corp. Successful Overnight Offering of Preferred Shares
Financial 15 Split Corp. Announces Overnight Offering of Preferred Shares
NORTH AMERICAN FINANCIAL 15 SPLIT CORP. Financial Results to May 31, 2025
US Financial 15 Split Corp. Financial Results to May 31, 2025
FINANCIAL 15 SPLIT CORP. Financial Results to May 31, 2025
US Financial 15 Split Corp. Preferred Dividend Declared
FINANCIAL 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share
North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share