US Financial 15 Split Corp.

US Financial 15 Split Corp.

February 22, 2008 11:15 ET

US Financial 15 Split Corp: Financial Results to November 30, 2007

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - US Financial 15 Split Corp. ("US Financial 15") announces its annual financial results for the year November 30, 2007.

During the year, US Financial 15 achieved its targeted distribution objectives for both classes of shares. The net asset value per unit (one Preferred Share and one Class A Share) was $18.61 as at November 30, 2007.

US Financial 15 invests in a high quality portfolio consisting of 15 U.S. financial services companies as follows: American Express, American International Group, Bank of America, Citigroup, Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, SunTrust Banks, U.S. Bancorp, Wachovia Corporation, Washington Mutual and Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time.

Selected Financial Information from the Statement of Financial Operations:
For the year ending November 30, 2007

($ Millions)

Income 2.393
Expenses (1.461)
Net investment income 0.932
Realized option premiums and gain on sale of investments 6.339
Change in unrealized depreciation of investments (26.132)
Decrease in net assets from operations before distributions (18.861)

Comparative financial information is available in documents filed on

Contact Information

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