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

Financial 15 Split Corp.

May 20, 2009 16:40 ET

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

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - 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 June 10, 2009 to shareholders on record as of May 29, 2009.

Since inception Class A shareholders have received a total of $6.70 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $2.91 per share inclusive of this distribution, for a combined total of $9.61.

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., JP Morgan Chase & Co., 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: May 27, 2009

Record Date: May 29, 2009

Payable Date: June 10, 2009

Contact Information

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