| US Financial 15
Split Corporation is a portfolio consisting of 15
U.S. financial services companies. To view the March 9, 2012 Information Circular which outlines details of the Capital Reorganization completed on June 22, 2012, please click here.
Portfolio Core Holdings:
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| American Express |
Fifth Third Bancorp |
Regions Financial |
| Bank of America |
The Goldman Sachs Group, Inc. |
State Street Corp |
| Bank of New York Mellon |
J.P. Morgan Chase Co. |
SunTrust Banks |
| Citigroup Inc. |
Morgan Stanley |
U.S. Bancorp |
| CME Group |
PNC Bank |
Wells Fargo |
Shares held within the Portfolio are expected to range
between 4-8% in weight but may vary from time to time.
Objectives:
2012 Preferred Shares:
(i) to provide holders of the Preferred Shares with cumulative preferential monthly cash dividends in an amount equal to 5.25% per annum, based on the net asset value per Unit as at the end of the preceding month
per Preferred Share (maximum of $0.04375 per Preferred share);
and
(ii) on or about December 1, 2018 (termination date),
to pay the holders of the Preferred Shares the original issue price of
those shares.
Class A Shares:
(i) to provide holders of the Class A Shares with
monthly cash dividends initially targeted to be $0.10 per Class A Share
to yield 8.0% per annum on the original issue price; and
(ii) on or about December 1, 2018 (termination date),
to pay the holders of Class A Shares at least the original issue price
of those shares.
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