Financial 15 Split Corp.

Financial 15 Split Corp.

August 18, 2006 09:00 ET

Financial 15 Split Corp. Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Aug. 18, 2006) - Financial 15 Split Corp. ("Financial 15") 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 September 8, 2006 to shareholders on record as of August 31, 2006.

Since inception Class A shareholders have received a total of $3.80 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $1.47 per share inclusive of this distribution, for a combined total of $5.27.

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 Inc., Bank of America, Citigroup Inc., JP Morgan Chase & Co., Merrill Lynch, 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): $0.10
Preferred Share (FTN.PR.A) $0.04375
Ex-Dividend Date: August 29, 2006
Record Date: August 31, 2006
Payable Date: September 8, 2006

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