TORONTO, ONTARIO--(Marketwire - Mar 19, 2013) - 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 April 10, 2013 to shareholders on record as at March 28, 2013.
Since inception Class A shareholders have received a total of $6.45 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.44 per share inclusive of this distribution, for a combined total of $10.89.
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.
|Class A Share (FFN)||$0.10000|
|Preferred Share (FFN.PR.A)||$0.04375|
|Ex-Dividend Date:||March 26, 2013|
|Record Date:||March 28, 2013|
|Payable Date:||April 10, 2013|