TORONTO, May 26, 2011 /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 June
16, 2011 to holders of record at the close of business on June 9, 2011.
In addition, the Board of Directors of the Company has declared a
capital gains distribution of $0.18000 per Capital Yield Share, payable
on June 16, 2011 to holders of record at the close of business on June
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:
Energy Split Corp. Inc.
Web site: www.scotiamanagedcompanies.com