TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.06250 for each Preferred share ($0.750 annually). Distributions are payable October 10, 2023 to shareholders on record as at September 29, 2023.
Since inception Class A shareholders have received a total of $24.68 per share and Preferred shareholders have received a total of $11.00 per share inclusive of this distribution, for a combined total of $35.68.
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.
| Distribution Details |
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| Class A Share (FTN) |
$0.12570 |
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| Preferred Share (FTN.PR.A) |
$0.06250 |
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| Record Date: |
September 29, 2023 |
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| Payable Date: |
October 10, 2023 |
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