TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - 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 December 10, 2012 to shareholders on record as at November 30, 2012. There will not be a distribution paid to Financial 15 II Class A Shares for November 30, 2012 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 November 15, 2012 was $13.11.
Since inception Class A shareholders have received a total of $6.35 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.27 per share inclusive of this distribution, for a combined total of $10.62.
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.
|Preferred Share (FFN.PR.A)
||November 28, 2012
||November 30, 2012
||December 10, 2012