Cyclical Split NT Corp.

    TORONTO, Dec. 4 /CNW/ - The board of directors of Cyclical Split NT Corp.
announced today that it has called 24,255 Preferred Shares, representing
approximately 15.2401% of the issued and outstanding Preferred Shares, for
cash redemption on December 14, 2007 as a result of the special annual
retraction of 24,255 Capital Shares by the holders thereof. The 24,255
Preferred Shares shall be redeemed on a pro rata basis so that preferred
shareholders of record on December 13, 2007 will have approximately 15.2401%
of their Preferred Shares redeemed, with the number of Preferred Shares to be
redeemed from each holder rounded to the nearest whole number. The redemption
price for the Preferred Shares will be $25.00 per share.
    Payment of the amount due to preferred shareholders will be made by the
Company on December 14, 2007. From and after December 14, 2007 the holders of
Preferred Shares that have been called for redemption will not be entitled to
exercise any right in respect of such shares except to receive the amount due
on redemption.
    The Capital Shares and Preferred Shares of Cyclical Split NT Corp. are
listed for trading on the Toronto Stock Exchange under the symbols CYC and
CYC.PR.A, respectively.

For further information:

For further information: Investor Relations, Cyclical Split NT Corp.,
(416) 359-4541

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