Financial 15 Split Corp.: Regular Monthly Dividend Declaration

Market Wire, May, 2008

Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 10, 2008 to shareholders on record as of May 30, 2008.

Since inception Class A shareholders have received a total of $5.90 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $2.39 per share inclusive of this distribution, for a combined total of $8.29.

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., Merrill Lynch, 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:

Class A Share (FTN):                  $0.10

Preferred Share (FTN.PR.A)            $0.04375

Ex-Dividend Date:                     May 28, 2008

Record Date:                          May 30, 2008

Payable Date:                         June 10, 2008

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

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Financial 15 Split Corp.: Regular Monthly Dividend Declaration

Market Wire, May, 2008

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