TORONTO, Jan. 11 /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,
2011 to holders of record at the close of business on February 28,
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.
SOURCE SNP Split Corp.
For further information:
SNP Split Corp.
Web site: www.scotiamanagedcompanies.com