US Financial 15 Split Corp, a Toronto-based closed-end fund, has declared a monthly distribution of $0.08058 per preferred share for September 2026.
The distribution reflects a 10% annual yield, calculated on the previous month-end net asset value. The payment is set for September 10, 2026, with the record date set for August 31, 2026.
The fund’s preferred shares, trading under the ticker FTU.PR.B, invest in a diversified portfolio of 15 U.S. financial services companies. The portfolio includes major institutions such as American Express, Bank of America, Citigroup, J.P. Morgan Chase & Co., and Wells Fargo, among others.
US Financial 15 Split Corp focuses on income generation through its structured investment approach, targeting consistent returns for preferred shareholders.
