Press Release - Cyclical Split NT Corp.



    TORONTO, Oct. 8 /CNW/ - The board of directors of Cyclical Split NT Corp.
("Cyclical Split" or the "Company") advises that, on October 2, 2008, the
Company sold its aggregate holdings of 113,350 units in the capital of Fording
Canadian Coal Trust (the "Fording Units") into the market at an average price
of $85.8633 per unit. After taking into consideration the terms of a plan of
arrangement involving Fording Canadian Coal Trust and Teck Cominco Limited
(the "Arrangement"), the board of directors determined that selling the
Fording Units into the market was more beneficial in minimizing tax liability
and avoiding potential market risks to the shareholders than awaiting
completion of the Arrangement. This sale of 113,350 Fording Units has
contributed a total of approximately $7,516,000 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 Company will invest the proceeds from the sale of the Fording Units
in an interest-bearing short-term note to mature on or before December 15,
2008 (the "Short-Term Note").
    Following the sale of the Fording Units and excluding the Short-Term
Note, the Company holds the following securities in its portfolio:

    
    Securities                                             No. of Securities
    -------------------------------------------------------------------------
    Brookfield Asset Management Inc. Class A                     126,021
    Brookfield Infrastructure Partners (LP units)                  5,040
    Canadian Pacific Railway Ltd.                                 44,224
    Domtar (Canada) Paper Inc.                                   150,076
    Potash Corporation of Saskatchewan Inc.                       76,737
    

    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
CYC.PR.A, respectively.





For further information:

For further information: Investor Relations, Cyclical Split NT Corp.,
(416) 359-4541

Organization Profile

CYCLICAL SPLIT NT CORP.

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