TORONTO, ONTARIO--(Marketwired - Oct 20, 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 November 10, 2014 to shareholders on record as at October 31, 2014.
Since inception Class A shareholders have received a total of $8.15 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $5.27 per share inclusive of this distribution, for a combined total of $13.42.
Financial 15 II 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: | |
Class A Share (FFN) | $0.10000 |
Preferred Share (FFN.PR.A) | $0.04375 |
Ex-Dividend Date: | October 29, 2014 |
Record Date: | October 31, 2014 |
Payable Date: | November 10, 2014 |