TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.1257 for each Class A share ($1.5084 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable July 8, 2011 to shareholders on record as of June 30, 2011.
Since inception Class A shareholders have received a total of $9.85 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $4.00 per share inclusive of this distribution, for a combined total of $13.85.
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.
Distribution Details: | |
Class A Share (FTN) | $0.1257 |
Preferred Share (FTN.PR.A) | $0.04375 |
Ex-Dividend Date: | June 28, 2011 |
Record Date: | June 30, 2011 |
Payable Date: | July 8, 2011 |
Contact Information:
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372)
www.financial15.com