Financial 15 Split Corp. II

Financial 15 Split Corp. II

September 19, 2007 09:00 ET

Financial 15 Split Corp. II: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - 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 October 10, 2007 to shareholders on record as at September 28, 2007.

Since inception Class A shareholders have received a total of $3.75 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $1.55 per share inclusive of this distribution, for a combined total of $5.30.

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, 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: September 26, 2007

Record Date: September 28, 2007

Payable Date: October 10, 2007

Contact Information

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