SNP Health Split Corp. Declares Quarterly Distribution



    TORONTO, Jan. 22 /CNW/ - The Board of Directors of SNP Health Split Corp.
(the "Company") has today declared a return of capital distribution of
US$0.375 per Preferred Share payable on February 11, 2009 to holders of record
at the close of business on February 6, 2009.
    Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to US$0.375 per Preferred Share.
    The Capital Shares and Preferred Shares will be redeemed by the Company
on February 11, 2009 in accordance with the redemption provisions of the
shares. Pursuant to these provisions, the Preferred Shares will be redeemed at
a price per share equal to the lesser of $25.00 and the Net Asset Value per
Unit. The Capital Shares will be redeemed at a price equal to the amount (for
every two capital shares) by which the Net Asset Value per Unit exceeds
$25.00.

    SNP Health 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 Health Care Sector Index of the S&P 500 Index. The Company will
generate quarterly fixed cumulative preferential distributions for the
Preferred Shareholders and provide the Capital Shareholders with a leveraged
investment, the value of which is linked to changes in the market price of the
Portfolio Shares.
    Capital Shares and Preferred Shares of SNP Health Split Corp. are listed
for trading on The Toronto Stock Exchange under the symbols SNH.U and SNH.PR.U
respectively and will be delisted on February 11, 2009.

    %SEDAR: 00017195E




For further information:

For further information: Investor Relations, SNP Health Split Corp.,
(416) 945-5255, E-mail: mc_snphealth@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

Organization Profile

SNP HEALTH SPLIT CORP.

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