TORONTO, March 1 /CNW/ - Sixty Split Corp. (the "Company") announced
today that it has called 638,503 Preferred Shares for cash redemption on
March 15, 2007 (in accordance with the Company's Articles) representing
approximately 41.578% of the outstanding Preferred Shares as a result of the
special annual retraction of 1,277,422 Capital Shares by the holders thereof.
The Preferred Shares shall be redeemed on a pro rata basis, so that each
holder of Preferred Shares of record on March 14, 2007 will have approximately
41.578% of their Preferred Shares redeemed. The redemption price for the
Preferred Shares will be $25.00 per share.
Holders of Preferred Shares that are on record for the dividend but have
been called for redemption will be entitled to receive dividends thereon which
have been declared but remain unpaid up to but not including March 15, 2007.
Payment of the amount due to holders of Preferred Shares will be made by
the Company on March 15, 2007. From and after March 15, 2007 the holders of
Preferred Shares that have been called for redemption will not be entitled to
dividends or to exercise any right in respect of such shares except to receive
the amount due on redemption.
Sixty Split Corp. is a mutual fund corporation created to hold a
portfolio of common shares (the "Portfolio Shares") of the companies that make
up the S&P/TSX 60 Index. Capital Shares and Preferred Shares of Sixty Split
Corp. are listed for trading on The Toronto Stock Exchange under the symbols
SXT and SXT.PR.A respectively.
For further information:
For further information: Investor Relations, Sixty Split Corp., Tel:
(416) 863-7007, Fax: (416) 863-7425, E-mail: email@example.com, Web