Financial 15 Split Corp.
TSX : FTN.PR.A
TSX : FTN

Financial 15 Split Corp.

November 18, 2010 09:02 ET

Financial 15 Split Corp. Regular Monthly Dividend Declaration for Class A and Preferred Share

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010) - 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 December 10, 2010 to shareholders on record as of November 30, 2010.

Since inception Class A shareholders have received a total of $8.96 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $3.70 per share inclusive of this distribution, for a combined total of $12.66.

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: November 26, 2010
Record Date: November 30, 2010
Payable Date: December 10, 2010

Contact Information

  • Financial 15 Split Corp.
    Investor Relations
    416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
    www.financial15.com