SL Split Corp. Declares Quarterly Dividend

TORONTO, July 5, 2012 /CNW/ - The Board of Directors of SL Split Corp. (the "Company") has today declared an ordinary dividend of $0.3223 per Preferred Share payable on July 31, 2012 to holders of record at the close of business on July 24, 2012.

The Capital Shares and Preferred Shares are scheduled to be redeemed by the Company on January 31, 2013 (the "Redemption Date") in accordance with the redemption provisions of the shares as described in the prospectus dated October 31, 2007. The Preferred Shares will be redeemed at the lesser of (i) $25.78; and (ii) the Unit Value.  Holders of the Capital Shares will receive an amount per share, if any, by which the Unit Value exceeds $25.78.  As at July 4, 2012 the Unit Value was $24.39. Notice of Redemption will be given by the Company at least 45 days prior to the Redemption Date.

SL Split Corp. is a mutual fund corporation created to hold a portfolio of common shares of Sun Life Financial Inc. The Company will generate a fixed quarterly dividend for the Preferred shareholders and provide the Capital shareholders with a leveraged investment, the value of which is linked to changes in the market price of the Sun Life shares.  Capital Shares and Preferred Shares of SL Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols SLS and SLS.PR.A respectively.

SOURCE SL Split Corp.

For further information:

Investor Relations
SL Split Corp.
(416) 945-4514
E-mail: mc_slsplit@scotiabank.com
Web site: www.scotiamanagedcompanies.com

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SL Split Corp.

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