TORONTO, ONTARIO--(Marketwire - Nov. 18, 2011) - US Financial 15 Split Corp. ("US Financial 15") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Dividends are payable on December 9, 2011 to Preferred shareholders on record as at November 30, 2011.
US Financial 15 invests in a high quality portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. A covered call writing program is utilized to supplement the dividend income in the portfolio.
|Preferred Share (FTU.PR.A):||$0.04375|
|Ex-Dividend Date:||November 28, 2011|
|Record Date:||November 30, 2011|
|Payable Date:||December 9, 2011|