TORONTO, Jan. 14 /CNW/ - SL Split Corp. (the "Company") announced today
that it has called 1,950 Preferred Shares for cash redemption on
January 31, 2011 (in accordance with the Company's Articles)
representing approximately 0.210% of the outstanding Preferred Shares
as a result of the special annual retraction of 3,900 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
January 28, 2011 will have approximately 0.210% of their Preferred
Shares redeemed. The redemption price for the Preferred Shares will be
$25.78 per share.
In addition, holders of a further 94,800 Capital Shares and 47,400
Preferred Shares have deposited such shares concurrently for retraction
on January 31, 2011. As a result, a total of 98,700 Capital Shares and
49,350 Preferred Shares, or approximately 5.0551% of both classes of
shares currently outstanding, will be redeemed.
Holders of Preferred Shares that are on record for dividends 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 January 31, 2011.
Payment of the amount due to holders of Preferred Shares will be made by
the Company on January 31, 2011. From and after January 31, 2011 the
holders of Preferred Shares that have been called for redemption will
not be entitled to dividends or to exercise any rights in respect of
such shares except to receive the amount due on redemption.
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.
SOURCE SL Split Corp.
For further information:
SL Split Corp.
Web site: www.scotiamanagedcompanies.com