Financial 15 Split Corp. (FTN) has announced it will maintain its Preferred Share dividend rate at 7.25% for the fiscal year beginning December 1, 2026, with no change from the current rate. Monthly distributions on FTN.PR.A Preferred Shares will remain at $0.06042 per share, based on the $10.00 redemption value. The announcement offers income-focused investors a degree of certainty heading into the next fiscal year, with a minimum annual rate floor also in place through the term ending December 1, 2030.

Key Points

  • Financial 15 Split Corp. (TSX: FTN / FTN.PR.A) is a Toronto-based split-share corporation investing in North American financial services companies
  • The company confirmed the FTN.PR.A Preferred Share dividend rate will remain at 7.25% annually for the fiscal year commencing December 1, 2026
  • Monthly distributions are set at $0.06042 per Preferred Share; a minimum annual rate floor of 6.00% applies through December 1, 2030
  • Investors may be watching whether the underlying portfolio composition or Class A distributions see any related adjustments in coming months

FTN.PR.A Rate Held Steady Ahead of December 2026 Fiscal Year

Financial 15 Split Corp. announced on September 24, 2026, that its FTN.PR.A Preferred Share dividend rate will be unchanged at 7.25% per annum for the upcoming fiscal year starting December 1, 2026. Monthly payments will continue at $0.06042 per share, calculated on the $10.00 redemption value. The release states this represents no change from the current dividend rate, providing continuity for Preferred Share holders who depend on the fixed-income component of the split-share structure for regular income.

Rate Floor Provides Downside Protection Through December 2030

The announcement also highlights a structural protection for FTN.PR.A holders: the Preferred Share dividend rate is subject to a minimum annual rate of 6.00% through the term ending December 1, 2030. This floor is a defined feature of the share class and is intended to set a baseline yield regardless of market conditions during the term. Investors may view this provision as a meaningful safeguard, particularly given that the current rate of 7.25% sits meaningfully above that minimum threshold, offering a buffer before the floor would apply.

Portfolio Anchored in 14 North American Financial Services Giants

Financial 15 Split Corp. manages an actively maintained portfolio of 14 prominent Canadian and U.S. financial services issuers. Canadian holdings include Bank of Montreal, National Bank of Canada, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Manulife Financial Corporation, Sun Life Financial Inc., and Great-West Lifeco Inc. U.S. holdings include Bank of America Corporation, Citigroup Inc., The Goldman Sachs Group, Inc., JPMorgan Chase & Co., and Wells Fargo & Company. The immediate share price impact was not clear from available public information.