The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

5Banc Split Inc. Announces Quarterly Dividends on Class B Preferred Shares with an Increase to the Class B Capital Shares Dividend

Thursday, July 28, 2011

5Banc Split Inc. Announces Quarterly Dividends on Class B Preferred Shares with an Increase to the Class B Capital Shares Dividend16:31 EDT Thursday, July 28, 2011TORONTO, ONTARIO--(Marketwire - July 28, 2011) - 5Banc Split Inc. (TSX:FBS.B)(TSX:FBS.PR.B) announced today that is has declared a quarterly dividend of $0.11875 per Class B Preferred Share. In addition a quarterly dividend on its Class B Capital Shares was declared of $0.06 per Class B Capital Share, representing an increase of $0.005 per Class B Capital Share. The dividends on both the Class B Preferred Shares and Class B Capital Shares are payable on September 15, 2011 to holders of record on August 31, 2011.The Capital Shares and Preferred Shares are scheduled to be redeemed on December 15, 2011 (the "Redemption Date") in accordance with the redemption provisions detailed in the prospectus dated November 28, 2006. The Board of Directors is currently reviewing the alternatives the Company has with respect to the scheduled redemption. A notice will be given at least 45 days prior to the Redemption Date.5Banc Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank. Information concerning 5Banc Split Inc. is available on our website at www.tdsponsoredcompanies.com.The Capital Shares and Preferred Shares of 5Banc Split are listed on the Toronto Stock Exchange under the symbols FBS.B and FBS.pr.B respectively.FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations5Banc Split Inc.416-982-2680