Press Release:

FINANCIAL 15 SPLIT CORP. II Regular Monthly Dividend Declaration TSX SYMBOLS: FFN, FFN.PR.A SUBJECT: DIV Toronto, Ontario - January 18, 2008: 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 February 8, 2008 to shareholders on record as at January 31, 2008.

Since inception Class A shareholders have received a total of $4.15 per share (including one special distribution of $0.25 per share) and Preferred shareholders have received a total of $1.73 per share inclusive of this distribution, for a combined total of $5.88.
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: January 29, 2008
Record Date: January 31, 2008
Payable Date: February 8, 2008
For further information, please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372), or visit www.financial15.com.

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