Energy Split Corp. Inc. Declares Quarterly Distributions

TORONTO, Feb. 24 /CNW/ - The Board of Directors of Energy Split Corp. Inc. (the "Company") today declared a return of capital distribution of $0.23625 per Class B Preferred Share payable on March 16, 2011 to holders of record at the close of business on March 9, 2011.


In addition, the Board of Directors of the Company has declared a capital gains distribution of $0.19000 per Capital Yield Share, payable on March 16, 2011 to holders of record at the close of business on March 9, 2011.


Holders of Class B Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.23625 per Preferred Share. The Capital Yield Shareholders are provided with a leveraged play on the yield and price performance from a portfolio consisting of 15 oil and gas royalty entities listed on the Toronto Stock Exchange. The Company's Capital Yield Share distribution policy is to pay a quarterly distribution on the Capital Yield Shares equal to the excess of the distributions received on the royalty trust portfolio minus the Class B Preferred Share distributions and all administrative and operating expenses provided the net asset value per Unit at the time of declaration, after giving effect to the distribution, would be greater than the original issue price of the Class B Preferred Shares.


Capital Yield Shares and Class B Preferred Shares of Energy Split Corp. Inc. are listed for trading on The Toronto Stock Exchange under the symbols ES and ES.PR.B respectively.


SOURCE Energy Split Corp. Inc.

For further information:

Investor Relations
Energy Split Corp. Inc.
(416) 945-4870
E-mail: mc_energysplit@scotiacapital.com
Web site: www.scotiamanagedcompanies.com

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Energy Split Corp. Inc.

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