Financial 15 Split Corp. II Regular Monthly Dividend Declaration

July 18, 2008 4:00 PM EDT

TORONTO, ONTARIO -- (MARKET WIRE) -- 07/18/08 -- Financial 15 Split Corp. II ("Financial 15 II") 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 August 8, 2008 to shareholders on record as at July 31, 2008.

Since inception Class A shareholders have received a total of $4.75 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $1.99 per share inclusive of this distribution, for a combined total of $6.74.

Financial 15 II 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, CIBC, Royal Bank, Toronto-Dominion Bank, National Bank of Canada, ManuLife Financial, Sun Life Financial, Great-West Lifeco, CI Financial Income Fund, Bank of America, Citigroup, JP Morgan & Chase, Merrill Lynch, Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time.

 Distribution Details:

 Class A Share (FFN):                $0.10

 Preferred Share (FFN.PR.A)          $0.04375

 Ex-Dividend Date:                   July 29, 2008

 Record Date:                        July 31, 2008

 Payable Date:                       August 8, 2008

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

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