Financial 15 Split Corp. II

Financial 15 Split Corp. II

June 18, 2009 09:00 ET

Financial 15 Split Corp. II: Regular Monthly Dividend Declaration for Preferred Share

TORONTO, ONTARIO--(Marketwire - June 18, 2009) - Financial 15 Split Corp. II ("Financial 15 II") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable July 10, 2009 to shareholders on record as at June 30, 2009. There will not be a distribution paid to Financial 15 II Class A Shares for June 30, 2009 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of June 15, 2009 was $14.08.

Since inception Class A shareholders have received a total of $5.05 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $2.47 per share inclusive of this distribution, for a combined total of $7.52.

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, The Bank of Nova Scotia, CIBC, Royal Bank, Toronto-Dominion Bank, National Bank of Canada, ManuLife Financial, Sun Life Financial, Great-West Lifeco, CI Financial Income Fund, Bank of America, Citigroup, JP Morgan & Chase, Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time.

Distribution Details:

Preferred Share (FFN.PR.A) $0.04375

Ex-Dividend Date: June 26, 2009

Record Date: June 30, 2009

Payable Date: July 10, 2009

Contact Information

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