SNP Split Corp. Declares Quarterly Distribution



    TORONTO, Jan. 13 /CNW/ - The Board of Directors of SNP Split Corp. (the
"Company") has today declared a cash distribution of US$0.1281 per Class B
Preferred Share consisting of a return of capital on such Class B Preferred
Shares equal to US$0.1281 per share payable on March 4, 2009 to holders of
record at the close of business on February 27, 2009.
    Holders of Class B Preferred Shares are entitled to receive quarterly
fixed cumulative distributions equal to US$0.1281 per Class B Preferred Share.
Such distributions may consist of ordinary dividends, capital gains dividends,
and/or non-taxable returns of capital.

    SNP 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 100 Index. The Company generates quarterly fixed cumulative preferential
distributions for the Class B Preferred Shareholders and provides 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 Class B Preferred Shares of SNP Split Corp. are listed
for trading on The Toronto Stock Exchange under the symbols SNP.U and SNP.PR.V
respectively.

    %SEDAR: 00016247E




For further information:

For further information: Investor Relations, SNP Split Corp., (416)
945-4994, E-mail: mc_snpsplit@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

Organization Profile

SNP SPLIT CORP.

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