(Source: MARKET WIRE)Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable January 9, 2009 to shareholders on record as of December 31, 2008. There will not be a distribution paid to the Class A shares for December 31, 2008 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of December 15, 2008 was $13.58.

Since inception Class A shareholders have received a total of $6.58 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $2.69 per share inclusive of this distribution, for a combined total of $9.27.

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., JP Morgan Chase & Co., Merrill Lynch, 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: Preferred Share (FTN.PR.A)                                 $0.04375 Ex-Dividend Date:                                          December 29, 2008 Record Date:                                               December 31, 2008 Payable Date:                                              January 9, 2009 

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

SOURCE: Financial 15 Split Corp.

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