Financial 15 Split Corp. II
TSX : FFN
TSX : FFN.PR.A

Financial 15 Split Corp. II

March 18, 2005 09:00 ET

Financial 15 Split Corp. II: Regular Monthly Dividend Declaration


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FINANCIAL 15 SPLIT CORP II

TSX SYMBOL: FFN
TSX SYMBOL: FFN.PR.A

MARCH 18, 2005 - 09:00 ET

Financial 15 Split Corp. II: Regular Monthly Dividend
Declaration

TORONTO, ONTARIO--(CCNMatthews - March 18, 2005) - Financial 15 Split
Corp. II (TSX:FFN)(TSX:FFN.PR.A) ("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 April 8, 2005 to shareholders on record as at
March 31, 2005.

Since inception Class A shareholders have received a total of $0.50 per
share and Preferred shareholders have received a total of $0.24 per
share inclusive of this distribution, for a combined total of $0.74.

The fund's investment objectives are:

Preferred Shares:

i. to provide holders of the Preferred Shares with fixed, cumulative
preferential monthly cash dividends in the amount of $0.04375 per
Preferred Share to yield 5.25% per annum on the original issue price; and

ii. on or about December 1, 2009 (termination date), to pay the holders
of the Preferred Shares the original issue price of those shares.

Class A Shares:

i. to provide holders of the Class A Shares with regular monthly cash
dividends initially targeted to be $0.10 per Class A Share to yield 8.0%
per annum on the original issue price; and

ii. on or about December 1, 2009 (termination date), to pay the holders
of Class A Shares at least the original issue price of those shares.

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 Fund Management, Bank of America,
Citigroup, JP Morgan & Chase, Merrill Lynch, 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:

Class A Share (FFN): $0.10
Preferred Share (FFN.PR.A) $0.04375
Ex-Dividend Date: March 29, 2005
Record Date: March 31, 2005
Payable Date: April 8, 2005


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