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

TORONTO, ONTARIO, Apr 20 (MARKET WIRE) --
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 May 8, 2009 to shareholders on
record as at April 30, 2009. There will not be a distribution paid to
Financial 15 II Class A Shares for April 30, 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 April
15, 2009 was $12.35.

Since inception Class A shareholders have received a total of $5.05 per
share (including one special distribution of $0.25 per share) and
Preferred shareholders have received a total of $2.38 per share inclusive
of this distribution, for a combined total of $7.43.

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, CIBC, Royal Bank,
Toronto-Dominion Bank, National Bank of Canada, ManuLife Financial, Sun
Life Financial, Great-West Lifeco, CI Financial Income Fund, Bank of
America, Citigroup, JP Morgan & Chase, Wells Fargo. Shares held within
the Portfolio are expected to range between 4-8% in weight but may vary
from time to time.

Distribution Details:

Preferred Share (FFN.PR.A) $0.04375

Ex-Dividend Date: April 28, 2009

Record Date: April 30, 2009

Payable Date: May 8, 2009

Contacts:
Financial 15 Split Corp. II
Investor Relations
(416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.financial15.com

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