Science & Technology
Science and Technology
Science and Technology
Wed, July 15, 2009
Tue, July 14, 2009 Financial 15 Split Corp. II: Financial 15 Split Corp. II: Portfolio Update
TORONTO, ONTARIO--(Marketwire - July 14, 2009) - Financial 15 Split Corp. II ("Financial 15 II") announces today it has formally added the Goldman Sachs Group, Inc. (previously held in the "other" financial services component of the Financial 15 Split portfolio) as one of the 15 core holdings in the portfolio. This addition replaces Merrill Lynch which was acquired by Bank of America at the beginning of 2008.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
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, 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.
