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

Financial 15 Split Corp. II

August 18, 2006 09:00 ET

Financial 15 Split Corp. II Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Aug. 18, 2006) - 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 September 8, 2006 to shareholders on record as at August 31, 2006.

Since inception Class A shareholders have received a total of $2.45 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $0.98 per share inclusive of this distribution, for a combined total of $3.43.

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 Inc., 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: August 29, 2006
Record Date: August 31, 2006
Payable Date: September 8, 2006



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