TORONTO, ONTARIO--(Marketwired - Dec. 18, 2013) - Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.1257 for each Class A share ($1.5084 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable January 10, 2014 to shareholders on record as of December 31, 2013.
Since inception Class A shareholders have received a total of $11.35 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $5.32 per share inclusive of this distribution, for a combined total of $16.67.
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: |
|
| Class A Share (FTN) |
$0.1257 |
| Preferred Share (FTN.PR.A) |
$0.04375 |
| Ex-Dividend Date: |
December 27, 2013 |
| Record Date: |
December 31, 2013 |
| Payable Date: |
January 10, 2014 |