TORONTO, June 5 /CNW/ - The board of directors of Cyclical Split NT Corp.
advises that the Company has received cash for all of its common shares of
Novelis Inc. ("Novelis Shares") pursuant to the terms of a plan of
arrangement, at a price of US$44.93 per common share. This has contributed a
total of approximately $243,347.00 in realized capital gains in the Company's
portfolio investments, all of which is attributable to the Capital Shares of
the Company over this time period (excluding distributions).
The board of directors have made a decision to use the proceeds from the
plan of arrangement to purchase additional portfolio securities in
approximately the same proportions as are currently held by the Company.
The Capital Shares and Preferred Shares of Cyclical Split NT Corp. are
listed for trading on the Toronto Stock Exchange under the symbols CYC and
For further information:
For further information: Investor Relations, Cyclical Split NT Corp.,