TORONTO, ONTARIO--(Marketwired - Dec. 18, 2013) - Financial 15 Split Corp. II ("Financial 15 II") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable January 10, 2014 to shareholders on record as at December 31, 2013.
Since inception Class A shareholders have received a total of $7.15 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.83 per share inclusive of this distribution, for a combined total of $11.98.
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.
|Class A Share (FFN)
|Preferred Share (FFN.PR.A)
||December 27, 2013
||December 31, 2013
||January 10, 2014