TORONTO, June 19 /CNW/ - The Board of Directors of Energy Split Corp. II
Inc. (the "Company") announced today that it is considering the costs and
benefits of proposals to extend the term of the Company beyond its scheduled
redemption date of December 16, 2007. The Company has retained Scotia Capital
Inc. to assist in this regard. There is no guarantee that after such review an
extension will be proposed or if proposed will be approved by shareholders.
The Company has been created in order to generate fixed cumulative tax
efficient distributions for the ROC Preferred Shareholders representing a
yield of 4.25% per annum on the $25.00 offering price. The Capital Yield
Shareholders are provided with a leveraged exposure on the yield and price
performance from a fixed portfolio consisting of 24 oil and gas royalty trusts
listed on the Toronto Stock Exchange.
Capital Yield Shares and ROC Preferred Shares of Energy Split Corp. II
Inc. are listed for trading on The Toronto Stock Exchange under the symbols EN
and EN.PR.A respectively.
For further information:
For further information: Investor Relations, Energy Split Corp. II Inc.,
(416) 945-4777, E-mail: email@example.com, Web site: