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Financial 15 Split Corp. II Completes Overnight Offering of $35,190,000

TORONTO, ONTARIO -- (Marketwired) -- 08/08/14 -- Financial 15 Split Corp. II (the "Company") is pleased to announce it has completed an overnight offering of 1,955,000 Preferred Shares and 1,955,000 Class A Shares. Total gross proceeds of the offering were $35.2 million, bringing the Company's net assets to approximately $124.5 million. The shares will trade on the Toronto Stock Exchange under the existing symbols of FFN.PR.A (Preferred shares) and FFN (Class A shares).

The Preferred Shares were offered at a price of $10.00 per Preferred Share to yield 5.25% on the issue price, and the Class A Shares were offered at a price of $8.00 per Class A Share targeting to yield 15% annually based on the current distribution policy.

The offering was co-led by National Bank Financial Inc., CIBC, RBC Capital Markets and also included BMO Capital Markets, GMP Securities L.P., Canaccord Genuity Corp. and Raymond James.

The net proceeds of the secondary offering 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.
Canadian Imperial Bank   Corporation              Goldman Sachs Group Inc.
of Commerce              Sun Life Financial       JP Morgan Chase & Co.
Royal Bank of Canada     Services of Canada Inc.  Wells Fargo & Co.
The Toronto-Dominion     Great-West Lifeco Inc.
Bank                     CI Financial Corp.

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. Please read the Company's publically filed documents which are available at www.sedar.com.

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

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