Dividend 15 Split Corp. II

Dividend 15 Split Corp. II

February 22, 2008 10:14 ET

Dividend 15 Split Corp II: Financial Results to November 30, 2007

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Dividend 15 Split Corporation II ("Dividend 15 II") announces its financial results for the year ending November 30, 2007.

Dividend 15 Split II met its distribution objectives for both classes of shares. The net asset value per unit (one Preferred Share and one Class A share) was $23.34 as at November 30, 2007.

Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Income Fund, BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, The Thomson Corporation, TransAlta Corporation, TransCanada Corporation. 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, 2007

($ Millions)
Income 4.223
Expenses (1.713)
Net investment income 2.510
Realized option premiums and gain on sale of investments 1.769
Change in unrealized appreciation of investments 4.450
Increase in net assets from operations before distributions 8.729

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

Contact Information

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