Financial 15 Split Corp. II

Financial 15 Split Corp. II

February 22, 2007 13:46 ET

Financial 15 Split Corp. II: Financial Results to November 30, 2006

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

Financial 15 II exceeded its distribution objectives while also increasing the net asset value by $1.22 per unit (one Preferred Share and one Class A Share) to $26.67 (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 a special distribution of 25 cents per share in the month of May 2006.

Financial 15 II 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 National Bank of Canada Bank of America Corp.

The Bank of Nova Scotia Manulife Financial Corp. Citigroup Inc.

Canadian Imperial Bank Sun Life Financial JP Morgan Chase & Co.,
of Commerce

Royal Bank of Canada Great West Lifeco Merrill Lynch & Co., Inc.

Toronto-Dominion Bank CI Financial Wells Fargo & Co.

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


Income 4.604

Expenses (2.422)

Net investment income 2.182

Realized option premiums and gain on sale of investments 13.477

Change in unrealized appreciation of investments 5.729

Increase in net assets from operations before distributions 21.388

Comparative financial information is available in documents filed on

Contact Information

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