TORONTO, ONTARIO -- (MARKET WIRE) -- 01/20/10 -- Financial 15 Split Corp. II ("Financial 15 II") 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 February 10, 2010 to shareholders on record as at January 29, 2010.
Since inception Class A shareholders have received a total of $5.65 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $2.78 per share inclusive of this distribution, for a combined total of $8.43.
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 Income Fund, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and 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 (FFN): $0.10 Preferred Share (FFN.PR.A) $0.04375 Ex-Dividend Date: January 27, 2010 Record Date: January 29, 2010 Payable Date: February 10, 2010
Contacts: Financial 15 Split Corp. II Investor Relations 416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) www.financial15.com