Financial 15 Split Corp.

Financial 15 Split Corp.

September 20, 2005 11:04 ET

Financial 15 Split Corp. Special Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Sept. 20, 2005) - Financial 15 Split Corp. (TSX:FTN)(TSX:FTN.PR.A) ("Financial 15") declares a special distribution of $0.25 for each Class A share. Distributions are payable October 7, 2005 to shareholders on record as of September 30, 2005.

Since inception Class A shareholders have received a total of $2.45 per share, inclusive of this distribution. The Net Asset Value attributable to the Class A share as of September 15, 2005 was $16.71.

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 Fund Management
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.

Special Distribution Details:

Class A Share (FTN): $0.25

Ex-Dividend Date: September 28, 2005

Record Date: September 30, 2005

Payable Date: October 7, 2005

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