Financial 15 Split Corp.

Financial 15 Split Corp.

October 20, 2009 09:00 ET

Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share


TORONTO, ONTARIO--(Marketwire - Oct. 20, 2009)  - Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.1257 for each Class A share ($1.5084 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable November 10, 2009 to shareholders on record as of October 30, 2009.

Since inception Class A shareholders have received a total of $7.33 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $3.13 per share inclusive of this distribution, for a combined total of $10.46.

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., 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.

 Distribution Details: 
 Class A Share (FTN)                                  $0.1257
 Preferred Share (FTN.PR.A)                                  $0.04375
 Ex-Dividend Date:                                  October 28, 2009
 Record Date:                                  October 30, 2009
 Payable Date:                                  November 10, 2009

Contact Information

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