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

TORONTO, ONTARIO, Apr 20 (MARKET WIRE) --
Financial 15 Split Corp. ("Financial 15") 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 of
April 30, 2009. There will not be a distribution paid to the 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 $14.34.

Since inception Class A shareholders have received a total of $6.58 per
share (including two special distributions totaling $0.50 per share) and
Preferred shareholders have received a total of $2.87 per share inclusive
of this distribution, for a combined total of $9.45.

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., JP Morgan Chase & Co., 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: April 28, 2009

Record Date: April 30, 2009

Payable Date: May 8, 2009

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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