Financial 15 Split Corp.

Financial 15 Split Corp.

November 19, 2008 09:00 ET

Financial 15 Split Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.1257 (post consolidation amount) for each Class A share ($1.5084 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable December 10, 2008 to shareholders on record as of November 28, 2008.

Since inception Class A shareholders have received a total of $6.58 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $2.65 per share inclusive of this distribution, for a combined total of $9.23

Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers 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., JP Morgan Chase & Co., Merrill Lynch, Wells Fargo & Co. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.

Distribution Details:

Class A Share (FTN): $0.1257

Preferred Share (FTN.PR.A) $0.04375

Ex-Dividend Date: November 26, 2008

Record Date: November 28, 2008

Payable Date: December 10, 2008

Contact Information

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