Energy Split Corp. II Inc. Declares Quarterly Distributions

TORONTO, Feb. 25 /CNW/ - The Board of Directors of Energy Split Corp. II Inc. (the "Company") today declared a return of capital distribution of $0.1718 per ROC Preferred Share payable on March 16, 2010 to holders of record at the close of business on March 9, 2010.

In addition, the Board of Directors of the Company has declared a return of capital distribution of $0.1650 per Capital Yield Share payable on March 16, 2010 to holders of record at the close of business on March 9, 2010.

Holders of ROC Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.1718 per ROC Preferred Share. The Capital Yield Shareholders are provided with a leveraged play on the yield and price performance from a fixed portfolio consisting of 13 oil and gas royalty trusts listed on the Toronto Stock Exchange. The Company's Capital Yield Share distribution policy is to pay a quarterly distribution on the Capital Yield Shares equal to the excess of the distributions received on the royalty trust portfolio minus the ROC Preferred Share distributions and all administrative and operating expenses provided the net asset value per Unit at the time of declaration, after giving effect to the distribution, would be greater than the issue price of the ROC Preferred Shares.

Capital Yield Shares and ROC Preferred Shares of Energy Split Corp. II Inc. are listed for trading on The Toronto Stock Exchange under the symbols EN and EN.PR.A respectively.

%SEDAR: 00021250E

For further information: Investor Relations, Energy Split Corp. II Inc., [phone], E-mail: [email protected], Web site: www.scotiamanagedcompanies.com