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Financial 15 Split Corporation is a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers. The portfolio shares have demonstrated a record of above-average long-term share performance and dividend growth. Financial Services companies are expected to benefit from a growing economic and capital markets recovery, earnings growth momentum and continued consolidation trends within the industry.

Canadian Issuers   U.S. Issuers
Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc. Goldman Sachs
Royal Bank of Canada Great-West Lifeco Inc. JP Morgan & Chase
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time.



Preferred Shares (FTN.PR.A):
(a) to provide holders of Preferred Shares with cumulative preferential monthly cash dividends currently in the amount of 5.25% annually, to be set by the Board of Directors annually subject to a minimum of 5.25% until 2020; and
(b) on or about the termination date of December 1, 2020 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares $10 per Preferred Share.

Class A Shares (FTN):
(a) to provide holders of Class A Shares with regular monthly cash distributions in an amount to be determined by the Board of Directors; and
(b) to permit holders to participate in all growth in the net asset value of the Company above $10 per Unit, by paying holders on or about the termination date of December 1, 2020 (subject to further 5 year extensions thereafter) such amounts as remain in the Company after paying $10 per Preferred Share.

Preferred Share Highlights Class A Share Highlights

Fixed cumulative monthly dividends (5.25% minimum until 2020)

Potential for higher monthly dividends effective Dec 1, 2015 and with any further 5 year extension

Quality investments and diversification

Strong downside protection and asset coverage

Pfd-4 (high) DBRS Rating - Jan 2014

Competitive Yield

Eligible for registered accounts

Monthly cash dividends

Quality investments and diversification

Leverage to performance of high quality stocks

Capital appreciation potential

Attractive alternative to other income vehicles

Eligible for registered accounts

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