TORONTO, ONTARIO--(Marketwired - Feb. 19, 2014) - 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 March 10, 2014 to shareholders on record as at February 28, 2014.
Since inception Class A shareholders have received a total of $7.35 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $4.92 per share inclusive of this distribution, for a combined total of $12.27.
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 (FFN) |
$0.10000 |
| Preferred Share (FFN.PR.A) |
$0.04375 |
| Ex-Dividend Date: |
February 26, 2014 |
| Record Date: |
February 28, 2014 |
| Payable Date: |
March 10, 2014 |