FTN.PR.A: Capital Units Dividend is Suspended

Financial 15 Corp has announced:

There will not be a distribution paid to the Class A shares for December 31, 2008 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 December 15, 2008 was $13.58.

This announcement was actually made the day prior to the DBRS announcement of a mass split share review including FTN.PR.A. I regret not having publicized this release earlier.

FTN.PR.A is tracked by HIMIPref™. It is included in the SplitShare sub-index.

This entry was posted on Saturday, January 10th, 2009 at 2:40 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “FTN.PR.A: Capital Units Dividend is Suspended”

  1. PrefBlog » Blog Archive » FTN.PR.A Reinstates Capital Unit Dividend says:
    June 13, 2009 at 4:11 pm

    […] is of interest since the Capital Unit Dividend was suspended in December; therefore capital unitholders received no distributions for the five months from December to April […]

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