Finance

Financial 15 Split Corp. Announces Monthly Dividends for Class A and Preferred Shares

Published July 17, 2024

TORONTO, July 17, 2024 — Financial 15 Split Corp. ('Financial 15') has announced the latest monthly dividend declarations for its shareholders. Investors holding Class A shares BOM, C, BAC, BNS, GWLIF, NTIOF, CM, MFC, RBCPF, GS, SLF, TD, CIXXF, WFC, FNNCF are set to receive a dividend of $0.12570 per share, resulting in an annualized distribution of $1.51. Meanwhile, Preferred shareholders will receive a monthly dividend of $0.07708 per share, which translates to an annualized amount of $0.925.

Overview of Involved Financial Entities

Citigroup Inc. C is renowned as an investment bank and financial services corporation based in New York City. The company has a history that includes the merging of banking giant Citicorp with Travelers Group in 1998, though Travelers was later spun off in 2002. Citigroup has a vast international presence through its subsidiaries, including the globally recognized Citibank.

Bank of America Corporation BAC stands as a leading investment bank and financial services holding company. With roots tracing back to San Francisco, it achieved its size through the acquisition of BankAmerica by NationsBank in 1998. Bank of America now competes as one of the largest banks in the U.S. and the world, holding a considerable share of U.S. deposits.

The Bank of Nova Scotia BNS provides a comprehensive array of banking products and services, operating across the Americas and internationally, with headquarters in Halifax, Canada.

Canadian Imperial Bank of Commerce CM serves a global clientele from its headquarters in Toronto, Canada, offering diversified financial products and services to individuals and businesses alike.

Manulife Financial Corporation MFC caters to customers worldwide, supplying a variety of financial services and products from its headquarters in Toronto, Canada.

The Goldman Sachs Group, Inc. GS operates out of New York City, providing an array of services that include investment management and banking, securities, and prime brokerage to institutional clientele.

Sun Life Financial Inc. SLF offers insurance and wealth management solutions on a global scale, basing its operations from Toronto, Canada.

Toronto-Dominion Bank TD delivers personal and commercial banking services in both Canada and the U.S., managing its vast operations from Toronto, Canada.

Wells Fargo & Company WFC is a diversified multinational financial services entity with significant U.S. and international presence, headquartered in San Francisco, California.

Impact on Shareholders

The declaration of these dividends is a testament to the stable performance and diligent management of Financial 15 Split Corp., providing a reliable income stream for its investors. Shareholders of these well-recognized companies are poised to benefit from the consistent monthly dividends, which reinforce the appeal of investing in stable financial companies for regular income generation.

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