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Press release from Marketwire

5Banc Split Inc. Announces Quarterly Dividends on Class B Preferred Shares and Class B Capital Shares

Monday, October 17, 2011

5Banc Split Inc. Announces Quarterly Dividends on Class B Preferred Shares and Class B Capital Shares16:31 EDT Monday, October 17, 2011TORONTO, ONTARIO--(Marketwire - Oct. 17, 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 and $0.06 per Class B Capital Share. The dividends on both the Class B Preferred Shares and Class B Capital Shares are payable on December 15, 2011 to holders of record on December 1, 2011.Holders of Class B Capital Shares have approved a share capital reorganization (the "Reorganization") allowing holders of Capital Shares to retain their investment in the Company after the scheduled redemption date of December 15, 2011.The Reorganization extends the life of the Capital Shares beyond the original maturity date of December 15, 2011 for up to an additional 5 years. The Class B preferred shares (the "Preferred Shares") will be redeemed on the same terms originally contemplated in their share provisions. In order to maintain the leveraged "split share" structure of the Company, the Company expects to create and issue a new series of Class C preferred shares on or about December 15, 2011. The issuance of the Class C preferred shares is a requirement to complete the Reorganization.Holders of Capital Shares who do not wish to continue their investment in the Company after December 15, 2011 must give notice that they wish to exercise their special retraction right on or prior to November 15, 2011. Holders of Capital Shares who retract their Capital Shares will be paid on December 15, 2011. The Reorganization will become effective provided that holders of at least 2,500,000 Capital Shares retain their Capital Shares and do not exercise the special retraction right.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 Capital Shares and Preferred Shares of 5Banc Split are listed on the Toronto Stock Exchange under the symbols FBS.B and respectively.FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations5Banc Split Inc.416-982-2680