TORONTO, ONTARIO — (Marketwire) — 01/18/13 — 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 February 8, 2013 to shareholders on record as at January 31, 2013. There will not be a distribution paid to Financial 15 II Class A Shares for January 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. The net asset value as of January 15, 2013 was $14.22.
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 $4.35 per share inclusive of this distribution, for a combined total of $10.70.
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.
Contacts:
Financial 15 Split Corp. II
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)