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Press release from CNW Group

5Banc Split Inc. Files Final Short Form Prospectus for its Class C Preferred Share Offering

Friday, December 09, 2011

5Banc Split Inc. Files Final Short Form Prospectus for its Class C Preferred Share Offering18:27 EST Friday, December 09, 2011/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./TORONTO, Dec. 9, 2011 /CNW/ - December 9, 2011: 5Banc Split Inc. (the "Company") announced today that it has filed a final short form prospectus in respect of a proposed public offering of a new series of Class C preferred shares (the "Class C Preferred Shares"). 2,580,135 Class C Preferred Shares will be offered at a price of $10.00 per Class C Preferred Share. The Class C Preferred Shares are being offered on a best efforts basis by a syndicate of agents led by TD Securities Inc. which includes Scotia Capital Inc., BMO Capital Markets and National Bank Financial Inc.The Company holds a portfolio of publicly listed 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 in order to provide holders of the Class C Preferred Shares with fixed cumulative preferential dividends and to provide holders of its Class B capital shares (the "Capital Shares") with a leveraged investment and excess dividends, if any, subject to the prior rights of holders of Class C Preferred Shares and after payment of the expenses of the Company and dividends payable on the Class C Preferred Shares.The Capital Shares and the Class B preferred shares of the Company (the "Class B Preferred Shares") are listed and posted for trading on the Toronto Stock Exchange under the symbols FBS.B and FBS.PR.B respectively. The Class B Preferred Shares will be redeemed on December 15, 2011 in accordance with their terms.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund offered have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.This offering is only made by way of a final short form prospectus. The final short form prospectus contains important detailed information about the securities being offered. Copies of the final short form prospectus may be obtained from TD Securities Inc. or any other member of the syndicate. Investors should read the final short form prospectus before making an investment decision. For further information: Investor Relations 416-982-2680