Financial 15 Split Corp. (T:FTN)
Business Focus: Mutual Funds (NEC)
| Sector: Financials | Industry: Mutual Funds |
| Company Contact | |
| Address: | 200 Front Street West, Suite 2510, P.O. Box 51 TORONTO ON M5V 3K2 |
| Tel: | N/A |
| Website: | https://www.quadravest.com/#!financial15-home/cs0n |
| IR: | See website |
| Key People | ||
| S. Wayne Finch Chairman of the Board, President, Chief Executive Officer | Silvia Gomes Chief Financial Officer | Laura L. Johnson Secretary, Director |
| Business Overview |
| Financial 15 Split Corp. is a mutual fund, which invests in a portfolio of common shares, which include each of the 15 financial services companies. It offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred shares with cumulative preferential monthly cash dividends, which has been set at $0.0625 per Preferred share per month for an annual yield of 7.50% on the Preferred share repayment amount on or about the termination date. The investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions in an amount and to permit holders to participate in all growth in the net asset value of the Company above $10 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying $10 per Preferred share. Its investment manager is Quadravest Capital Management Inc. |
| Financial Overview |
| For the fiscal year ended 30 November 2023, Financial 15 Split Corp revenues increased from -C$1.5M to C$5.5M. Net loss applicable to common stockholders increased 52% to C$41.2M. Revenues reflect Dividends increase of 29% to C$23.5M, Interest for distribution purposes increase from C$898K to C$5.8M, Change in unrealized gain (loss) in the increase of 82% to -C$11K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $761.53M as of Nov 30, 2023 |
| Annual revenue (TTM): | $5.46M as of Nov 30, 2023 |
| EBITDA (TTM): | -$1.47M as of Nov 30, 2023 |
| Net annual income (TTM): | -$41.17M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$218.48M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $339.48M as of Nov 30, 2023 |
| Shares outstanding: | 52,837,017 as of Apr 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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