Dividend 15 Split Corp. II: Regular Monthly Dividend Declaration for Preferred Share
March 18 2009 - 9:00AM
Marketwired
Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular
monthly distribution of $0.04375 for each Preferred share ($0.525
annually). Distributions are payable April 9, 2009 to shareholders
on record as of March 31, 2009. There will not be a distribution
paid to the Class A shares for March 31, 2009 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 March 13, 2009 was $13.04.
Since inception (November 16, 2006) Class A shareholders have
received a total of $2.40 per share and Preferred shareholders have
received a total of $1.25 per share inclusive of this distribution,
for a combined total of $3.65.
Dividend 15 II invests in a high quality portfolio of leading
Canadian dividend-yielding stocks as follows: Bank of Montreal,
Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank
of Canada, Toronto-Dominion Bank, National Bank of Canada, CI
Financial Income Fund, BCE Inc., Manulife Financial, Enbridge, Sun
Life Financial, TELUS Corporation, The Thomson Corporation,
TransAlta Corporation, TransCanada Corporation. Shares held within
the portfolio are expected to range between 4-8% in weight but may
vary at any time.
Distribution Details:
Preferred Share (DF.PR.A) $0.04375
Ex-Dividend Date: March 27, 2009
Record Date: March 31, 2009
Payable Date: April 9, 2009
Contacts: Dividend 15 Split Corp. II Investor Relations (416)
304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com
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