Financial 15 Split Corp. (the "Company") is pleased to announce that it has
completed an overnight offering of 1,760,650 Preferred Shares and 1,760,650
Class A Shares. Total gross proceeds of the offering were $34.5 million,
bringing the Company's net assets to approximately $222 million. Shares will
continue to trade on the Toronto Stock Exchange under the existing symbol
FTN.PR.A (Preferred shares) and FTN (Class A shares).


The Preferred Shares were offered at a price of $10.00 per Preferred Share to
yield 5.25% and the Class A Shares were offered at a price of $9.60 per Class A
Share to yield 15.71%, based on the current distribution policy. The offering
was co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC
Capital Markets and also included BMO Nesbitt Burns Inc., GMP Securities L.P.
and Canaccord Genuity Corp.


The proceeds of the secondary offering, net of expenses and the underwriters'
fee, will be used by the Company to invest in a high quality portfolio
consisting of 15 financial services companies made up of Canadian and U.S.
issuers as follows:




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



Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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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