Financial 15 Split Corp.

Financial 15 Split Corp.

November 20, 2006 09:01 ET

Financial 15 Split Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Nov. 20, 2006) - 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 December 8, 2006 to shareholders on record as of November 30, 2006.

Since inception Class A shareholders have received a total of $4.10 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $1.60 per share inclusive of this distribution, for a combined total of $5.70.

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: November 28, 2006

Record Date: November 30, 2006

Payable Date: December 8, 2006

Contact Information

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