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It's All About Engaging Authors: Jim Kaskade, PR.com Newswire

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Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share

TORONTO, ONTARIO -- (Marketwire) -- 05/18/12 -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 8, 2012 to shareholders on record as of May 31, 2012. There will not be a distribution paid to Financial 15 Class A Shares for May 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 $15.00. The net asset value as of May 15, 2012 was $13.60.

Since inception Class A shareholders have received a total of $9.85 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $4.48per share inclusive of this distribution, for a combined total of $14.33.

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:                                                       
Preferred Share (FTN.PR.A)                         $0.04375                 
Ex-Dividend Date:                                  May 29, 2012             
Record Date:                                       May 31, 2012             
Payable Date:                                      June 8, 2012             

Contacts:
Financial 15 Split Corp.
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

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