Dividend 15 Split Corp.

Dividend 15 Split Corp.

February 22, 2007 12:58 ET

Dividend 15 Split Corp. Financial Results to November 30, 2006

TORONTO, ONTARIO--(CCNMatthews - Feb. 22, 2007) - Dividend 15 Split Corporation ("Dividend 15") announces its annual financial results for the year ending November 30, 2006.

Dividend 15 exceeded its distribution objectives while also increasing the net asset value by $1.55 per unit (one Preferred Share and one Class A Share) to $29.33 (after all distributions paid) as at November 30, 2006. In addition to the regular distributions paid to both classes of shares during the period, the Class A shareholders received three special distributions of 25 cents each in May, September and November, 2006.

Dividend 15 invests in a high quality portfolio of leading Canadian
dividend-yielding stocks as follows:

Bank of Montreal National Bank of Canada Enbridge Inc.

Bank of Nova Scotia CI Financial TELUS Corporation

Canadian Imperial BCE Inc. The Thomson Corporation
Bank of Commerce

Royal Bank of Canada Manulife Financial Corp. TransAlta Corporation

Toronto-Dominion Bank Sun Life Financial Inc. TransCanada Corporation

Selected Financial Information from the Semi-annual Statement of
Financial Operations:
For the year ending November 30 ($ millions)

Income 7.968
Expenses (5.578)
Net investment income 2.390
Realized option premiums and gain on sale of investments 29.931
Change in unrealized appreciation of investments 6.440
Increase in net assets from operations before distributions 38.761

Comparative financial information is available in documents filed on www.sedar.com.

Contact Information

  • Dividend 15 Split Corp.
    Investor Relations
    (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
    Website: www.dividend15.com