TORONTO, ONTARIO -- (Marketwired) -- 06/19/13 -- 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 July 10, 2013 to shareholders on record as at June 28, 2013. There will not be a distribution paid to Financial 15 II Class A Shares for May 31, 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 $6.55 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.57 per share inclusive of this distribution, for a combined total of $11.12.
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) $0.04375Ex-Dividend Date: June 26, 2013Record Date: June 28, 2013Payable Date: July 10, 2013
Financial 15 Split Corp. II
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