FFN.PR.A North American Financial 15 Split Corp

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 April 9, 2010
to shareholders on record as at March 31, 2010.


Since inception Class A shareholders have received a total of $5.75 per share
(including one special distribution of $0.25 per share) and Preferred
shareholders have received a total of $2.87 per share inclusive of this
distribution, for a combined total of $8.62.


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., Goldman Sachs Group, JP Morgan
Chase & Co. and 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 (FFN)                   $0.10000                              
Preferred Share (FFN.PR.A)            $0.04375                              
Ex-Dividend Date:                     March 29, 2010                        
Record Date:                          March 31, 2010                        
Payable Date:                         April 9, 2010

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