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Financial 15 Split Corp. II: Regular Monthly Dividend Declaration for Preferred Share


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© Marketwire 2013
2013-02-19 23:09:47 -

TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- Financial 15 Split Corp. II ("Financial 15 II") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable March 8, 2013 to shareholders on record as at February 28, 2013. There will not be a distribution paid to Financial 15 II Class A Shares for February 28, 2013 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00.



Since inception Class A shareholders have received a total of $6.35 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.40 per share inclusive of this distribution, for a combined total of $10.75.


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:                                                       
                                                                            
Preferred Share (FFN.PR.A)                    $0.04375                      
Ex-Dividend Date:                             February 26, 2013             
Record Date:                                  February 28, 2013             
Payable Date:                                 March 8, 2013                 




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

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