TORONTO, ONTARIO--(Marketwired - Apr 18, 2017) - Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable May 10, 2017 to shareholders on record as at April 28, 2017.
Since inception Class A shareholders have received a total of $16.38 per share and Preferred shareholders have received a total of $7.07 per share inclusive of this distribution, for a combined total of $23.45.
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 Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.
|Class A Share (FTN)||$0.12570|
|Preferred Share (FTN.PR.A)||$0.04375|
|Ex-Dividend Date:||April 26, 2017|
|Record Date:||April 28, 2017|
|Payable Date:||May 10, 2017|