Energy Split Corp. Inc. Declares Quarterly Distributions



    TORONTO, Nov. 29 /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 December 14, 2007 to holders
of record at the close of business on December 11, 2007.
    In addition, the Board of Directors of the Company has declared
distribution of $0.71 per Capital Yield Share, comprising a return of capital
distribution equal to $0.266 per share and a capital gains distribution equal
to $0.444 per share payable on December 14, 2007 to holders of record at the
close of business on December 11, 2007. Consequently, the twelve month
trailing distribution totals $2.990 per Capital Yield Share. Distributions
paid by the Company will vary with the actual distributions of the underlying
portfolio of oil and gas funds and such variations may be material.
    The Company anticipates that all subsequent distributions on the Capital
Yield Shares will be characterized as capital gains.
    The Company is a mutual fund corporation created to hold a portfolio
consisting of 23 publicly listed oil and gas royalty trusts. The Company
generates a fixed cumulative preferential tax efficient quarterly distribution
for the Class B Preferred Shareholders and provides the Capital Yield
Shareholders with a leveraged play on the yield and price performance from the
fixed portfolio.
    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.

    %SEDAR: 00019693E




For further information:

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

Organization Profile

ENERGY SPLIT CORP. INC.

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