OVERVIEW

CORE HOLDINGS

US Financial 15 Split Corp. is an Investment Corporation that invests in a diversified, portfolio consisting of 15 U.S. financial services companies. Two types of shares are available, a Class A (FTU) and a Preferred (FTU.PR.B).

To view a Split Share Fund overview please click here.

American Express Company

Bank of America Corp.

Bank of New York Mellon Corp.

Citigroup Inc.

CME Group Inc.

Fifth Third Bancorp

Goldman Sachs Group Inc.

J.P. Morgan Chase & Co.

Morgan Stanley

PNC Financial Services Group Inc.

Regions Financial Corp.

State Street Corp.

SunTrust Banks Inc.

US Bancorp.

Wells Fargo & Co.

 

 

Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. Top holdings by weight may include holdings other than the core holdings as 20% of the net asset value may be invested in equity securities other than the core holdings (as per the Prospectus).

OBJECTIVES: PREFERRED SHARES

OBJECTIVES: CLASS A SHARES

Preferred Shares:

 

(i) to provide holders of the Preferred Shares with cumulative preferential monthly cash dividends in an amount equal to 10.00% annually, based on the net asset value per unit calculated as at the end of the preceding month, with a maximum of $0.08333 per Preferred share monthly, and;
(ii) on or about termination on December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of the Preferred Shares the $10 notional issue price of those shares.

 

Class A Shares:

 

(i) to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and;
(ii) on or about December 1, 2024 (subject to further 6 year extensions thereafter), to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.

TOP HOLDINGS

VALUATION

Holdings Sorted by weight as at October 31, 2019:

Fifth Third Bancorp
Bank of America Corp
JPMorgan Chase & Co
SunTrust Banks Inc
Goldman Sachs Group Inc
CME Group Inc
PNC Financial Services Group Inc
State Street Corp
MetLife Inc
Bank of New York Mellon Corp
Regions Financial Corp
Morgan Stanley
BB&T Corp
TCF Financial Corp
American Express Co

 

October 31, 2019

NAV Pre-Distribution:

$8.13

Distribution:

$0.06600

NAV Net of Distribution:

$8.06

NAV + Total Distributions Paid to Date:

$18.19

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200 Front Street West

Suite 2510, P.O. Box 51

Toronto, Ontario M5V 3K2

 Investor Relations: 1-877-478-2372 

 Local Investor Relations: 416-304-4443

 Main telephone: 416-304-4440

 Fax: 416-304-4441

 

Questions may be directed to 

info@quadravest.com

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