Energy Split Corp. Inc. Declares Quarterly Distributions

    TORONTO, May 28 /CNW/ - The Board of Directors of Energy Split Corp. Inc.
(the "Company") today declared a return of capital distribution of $0.23625
per Class B Preferred Share payable on June 16, 2009 to holders of record at
the close of business on June 9, 2009.
    In addition, the Board of Directors of the Company has declared a capital
gains distribution of $0.2850 per Capital Yield Share, payable on June 16,
2009 to holders of record at the close of business on June 9, 2009.
    Holders of Class B Preferred Shares are entitled to receive quarterly
fixed cumulative distributions equal to $0.23625 per Preferred Share. The
Capital Yield Shareholders are provided with a leveraged play on the yield and
price performance from a fixed portfolio consisting of 18 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 Class B 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 original issue price of the Class B Preferred Shares.

    Capital Yield Shares and Class B Preferred Shares of Energy Split Corp.
Inc. are listed for trading on The Toronto Stock Exchange under the symbols ES
and ES.PR.B respectively.

    %SEDAR: 00019693E

For further information:

For further information: Investor Relations, Energy Split Corp. Inc.,
(416) 945-4870, E-mail:, Web site:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890