Financial 15 Split Corp.

Financial 15 Split Corp.

February 25, 2010 12:03 ET

Financial 15 Split Corp: Financial Results to November 30, 2009

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - Financial 15 Split Corp. ("Financial 15") announces its annual financial results for the year ending November 30, 2009.

The year ending November 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the financial services stocks in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of November. The net asset value as at November 30, 2009 ended $ 1.91 higher to $17.39 per unit over the prior year. The complete financial statements are available at or

Financial 15 invests in a portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers. The issuers are as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Income Fund, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.

Selected Financial Information from the Statement of Financial Operations:  
For the year ending November 30, 2009  
  ($ Millions)
  Income 5.064
  Expenses (1.256)
  Net investment income 3.808
  Realized option premiums and gain (loss) on sale of investments (4.004)
  Change in unrealized appreciation of investments 25.382
  Increase in net assets from operations before distributions 25.186

Comparative financial information is available in documents filed on

Contact Information

  • Financial 15 Split Corp.
    Investor Relations
    416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)