Financial 15 Split Corp. II: Regular Monthly Dividend Declaration for Preferred Share
(firmenpresse) - TORONTO, ONATRIO -- (Marketwire) -- 08/18/11 -- 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 September 9, 2011 to shareholders on record as at August 31, 2011. There will not be a distribution paid to Financial 15 II Class A Shares for August 31, 2011 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 August 15, 2011 was $13.12.
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 $3.61 per share inclusive of this distribution, for a combined total of $9.96.
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)
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Datum: 18.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1031768
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