Financial 15 Split Corp. II

Financial 15 Split Corp. II

October 18, 2006 09:00 ET

Financial 15 Split Corp. II: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Oct. 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 November 10, 2006 to shareholders on record as at October 31, 2006.

Since inception Class A shareholders have received a total of $2.65 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $1.07 per share inclusive of this distribution, for a combined total of $3.72.

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: October 27, 2006

Record Date: October 31, 2006

Payable Date: November 10, 2006

Contact Information

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