TORONTO, Jan. 10 /CNW/ - The Board of Directors of SL Split Corp. (the
"Company") has today declared an ordinary dividend of $0.3002 per Preferred
Share payable on January 31, 2008 to holders of record at the close of
business on January 24, 2008. This represents the first fixed quarterly
dividend prorated from November 7, 2007, being the closing date of the
Company's initial public offering, to January 31, 2008.
The Company's ongoing dividend policy for holders of Preferred Shares is
to receive quarterly fixed cumulative distributions equal to $0.3223 per
The Capital Shareholders are provided with a leveraged investment, the
value of which is linked to changes in the market price of the Sun Life
Shares. Capital Shareholders will also benefit from any increase in the
dividends paid on the Sun Life Shares and will be entitled to receive
dividends as and when declared by the Board of Directors of the Company.
Initially, holders of Capital Shares will not receive dividends in the
SL Split Corp. is a mutual fund corporation created to hold a portfolio
of common shares of Sun Life Financial Inc. Capital Shares and Preferred
Shares of SL Split Corp. are listed for trading on The Toronto Stock Exchange
under the symbols SLS and SLS.PR.A respectively.
For further information:
For further information: Investor Relations, SL Split Corp., (416)
945-4514, E-mail: firstname.lastname@example.org, Web site: