US Financial 15 Split plans issuer bid for 2012 preferred shares

By Jennifer Chiou

New York, Feb. 5 - US Financial 15 Split Corp. announced that it intends to launch a normal course issuer bid to purchase its 2012 preferred shares and class A shares.

The bid is subject to Toronto Stock Exchange acceptance, according to a new release.

Under the bid, the company plans to purchase, from time to time, up to 225,015 of the preferreds and a like amount of the class A shares, representing about 10% of the public float of each.

In any given 30-day period, the company will not acquire more than 45,003 each of the preferreds or class A shares.

All acquired securities will be canceled.

US Financial 15 Split is an investment fund managed and advised by Quadravest Capital Management Inc. The Financial 15 series of funds are investment corporations designed to pay monthly cash dividends.

The Toronto company may be reached at 416 304-4443 or 877 478-2372.

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