TORONTO, Feb. 18, 2015 /CNW/ - 5Banc Split Inc. (the "Company") announced today that it has declared a quarterly dividend of $0.11875 per Class C Preferred Share. In addition a quarterly dividend on its Class B Capital Shares was declared of $0.1400 per Class B Capital Share. The dividends on both the Class C Preferred Shares and Class B Capital Shares are payable on March 13, 2015 to holders of record on February 27, 2015.
The Company was established to generate dividend income for the Class C Preferred Shares while providing holders of the Class B Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and The Toronto-Dominion Bank. Information concerning 5Banc Split Inc. is available on our website at www.timbercreek.com/5banc-split-inc.
The Class B Capital Shares and Class C Preferred Shares of 5Banc Split are listed on the Toronto Stock Exchange under the symbols FBS.B and FBS.pr.C respectively.
SOURCE Timbercreek Asset Management Inc.
For further information: Timbercreek Asset Management Inc., Carrie Morris, Investor Relations, firstname.lastname@example.org