TORONTO, ONTARIO--(Marketwired - March 6, 2014) - Financial 15 Split Corp. (the "Company") today announced that a special meeting of shareholders will be held at 11:30 a.m. (Eastern standard time) on May 14, 2014.
The primary purpose of the meeting is to consider a special resolution to allow shareholders to continue their investment beyond the currently scheduled termination date of December 1, 2015. Under the primary proposal, the initial termination date would be extended by 5 years to December 1, 2020 (subject to further extensions of 5 years each thereafter).
Full details of the meeting will be contained in the Notice of Meeting and Management Information Circular which will be mailed on April 17, 2014 to all shareholders of record on April 9, 2014.
The Company 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.