An anonymous director reports
FINANCIAL 15 SPLIT CORP.: REGULAR MONTHLY DIVIDEND DECLARATION FOR PREFERRED SHARE
Financial 15 Split Corp. declares its regular monthly distribution of 4.375 cents for each preferred share (52.5 cents annually). Distributions are payable Sept. 10, 2012, to shareholders on record as of Aug. 31, 2012. There will not be a distribution paid to Financial 15 Class A shares for Aug. 31, 2012, 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. The net asset value as of Aug. 15, 2012, was $13.71.
Since inception Class A shareholders have received a total of $9.85 per share (including two special distributions totalling 50 cents per share) and preferred shareholders have received a total of $4.61 per share inclusive of this distribution, for a combined total of $14.46.
Financial 15 invests in a high-quality portfolio consisting of 15 financial services companies made up of Canadian and United States 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 Corp., 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 per cent to 8 per cent in weight, but may vary at any time.
Preferred share: 4.375 cents
Ex dividend date: Aug. 29, 2012
Record date: Aug. 31, 2012
Payable date: Sept. 10, 2012