US Financial 15 Split Corp.

US Financial 15 Split Corp.

June 20, 2012 09:00 ET

US Financial 15 Split Corp.: Preferred Dividend Declared

TORONTO, ONTARIO--(Marketwire - June 20, 2012) - US Financial 15 Split Corp. ("US Financial 15") declares its monthly distribution of $0.03914 for each Preferred share, based on a blended calculation of the previous distribution policy and the new policy effective June 25, 2012. Dividends are payable on July 10, 2012 to Preferred shareholders on record as at June 29, 2012.

US Financial 15 invests in a high quality portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. A covered call writing program is utilized to supplement the dividend income in the portfolio.

Distribution Details:
Preferred Share (FTU.PR.A) $0.03914
Ex-Dividend Date: June 27, 2012
Record Date: June 29, 2012
Payable Date: July 10, 2012

Contact Information

  • Investor Relations
    416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)