Financial 15 Split Corp.
TSX : FTN
TSX : FTN.PR.A

Financial 15 Split Corp.

September 16, 2014 09:00 ET

Financial 15 Split Corp.: 2014 Rights Expire on September 19, 2014

TORONTO, ONTARIO--(Marketwired - Sept. 16, 2014) - Financial 15 Split Corp. ("Financial 15") would like to take the opportunity to remind investors that if they would like to increase their investment in the company that Friday September 19, 2014 at 5:00 p.m. (EST) is the deadline to exercise the rights. Financial 15 invests in a high quality portfolio of 15 North American financial institutions and is benefiting from strong performance of Canadian banking shares, US banking shares and a lower Canadian dollar.

Financial 15 Class A shareholders have seen their shares increase 29% in addition to receiving 18% in dividends over the 12 months ending August 31, 2014. The Class A shares currently yield 15% on the Toronto Stock Exchange.

Six rights entitle a holder to purchase a Unit consisting of one Class A share and one Preferred share for the total subscription price of $20.25. The subscription price for the Unit represents a discount to the volume weighted combined average trading price over the last 30 days. Any rights not exercised by September 19, 2014 will expire worthless. Investors should contact their advisor or financial institution in order to exercise their rights.

Shareholders wishing to subscribe for additional shares above their allotment of rights may do so by contacting their advisor.

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 Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company's publically filed documents which are available at www.sedar.com.

Contact Information

  • Financial 15 Split Corp.
    Investor Relations
    416-304-4443
    Toll Free: 1-877-4-Quadra (1-877-478-2372)
    www.financial15.com