R Split III Corp. Declares Quarterly Dividends



    TORONTO, Aug. 6 /CNW/ - The Board of Directors of R Split III Corp. (the
"Company") has today declared a dividend of $0.3287 per Preferred Share and
$0.0650 per Capital Share, payable on August 31, 2009 to holders of record at
the close of business on August 24, 2009.
    Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative dividends equal to $0.3287 per Preferred Share. The Company's
Capital Share dividend policy is to pay a quarterly dividend on the Capital
Shares equal to the excess of the dividends received on the Royal Bank Shares
minus the Preferred Share dividends and all administrative and operating
expenses provided the net asset value per Unit at the time of declaration,
after giving effect to the dividend, would be greater than the original issue
price of the Preferred Shares.

    R Split III Corp. is a mutual fund corporation created to hold a
portfolio of common shares of the Royal Bank of Canada. Capital Shares and
Preferred Shares of R Split III Corp. are listed for trading on The Toronto
Stock Exchange under the symbols RBS and RBS.PR.A respectively.

    %SEDAR: 00024907E




For further information:

For further information: Investor Relations, R Split III Corp., (416)
945-7386, E-mail: mc_rsplit@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com


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