Financial 15 Split Corp (TSE:FTN) has released an update.
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Financial 15 Split Corp. has adjusted the dividend rate for its Preferred Shares (‘FTN.PR.A’) for the fiscal year starting December 1, 2024, to 8.50%, a decrease from the previous 9.25%. This translates to a monthly dividend of $0.07083 per share based on the $10.00 redemption value. The Company’s portfolio comprises 15 top-tier North American financial services firms, including major banks and insurance companies from both Canada and the US.
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