TORONTO, March 5 /CNW/ - The Board of Directors of BCX Split Corp. (the
"Company") has declared today dividends of $0.1767 per Preferred Share and
$0.1200 per Capital Share, payable on May 5, 2008 to holders of record at the
close of business on April 22, 2008.
Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.1767 per Preferred Share. The Company's
Capital Share dividend policy is to pay holders of Capital Shares quarterly
dividends in an amount equal to the dividends received by the Company on the
BCE Inc. common shares minus the distributions payable on the Preferred Shares
and all administrative and operating expenses.
The Capital Shares and Preferred Shares are scheduled to be redeemed by
the Company on August 5, 2008 (the "Redemption Date") in accordance with the
redemption provisions as detailed in the prospectus dated July 30, 2003.
Notice of Redemption will be given by the Company at least 45 days prior to
the Redemption Date. In the event, the BCE plan of arrangement closes prior to
the Redemption Date, the Board will consider redeeming the Capital Shares and
Preferred Shares prior to such date.
BCX Split Corp. is a mutual fund corporation created to hold a portfolio
of common shares of BCE Inc. Capital Shares and Preferred Shares of BCX Split
Corp. are listed for trading on The Toronto Stock Exchange under the symbols
BCX.A and BCX.PR.A respectively.
For further information:
For further information: Investor Relations, BCX Split Corp., (416)
862-3734, E-mail: email@example.com, Web site: