TORONTO, March 13 /CNW/ - (PRF.PR.A) - The Board of Directors of ROC Pref
Corp. (the "Company") has today declared a cash distribution of $0.26875 per
Preferred Share consisting of a return of capital on such Preferred Shares
equal to $0.26875 per share payable on March 31, 2008 to holders of record at
the close of business on March 24, 2008.
The Company is a mutual fund corporation that issued 5-year redeemable,
retractable cumulative P-1 (Low) rated Preferred Shares which mature on or
about September 30, 2009. The Preferred Shares were upgraded to P-1 in 2007.
The Company used the proceeds to gain exposure, by way of an equity forward
sale agreement, to an structured note that is currently rated A+ and offers
credit exposure to a portfolio of 141 companies with an average rating of BBB.
The Preferred Shares are listed for trading on the Toronto Stock Exchange
under the symbol PRF.PR.A.
For further information:
For further information: please visit www.cclcapitalmarkets.com or
contact: Tim Bradshaw, Connor, Clark & Lunn Capital Markets Inc., (416)
364-3658, email@example.com, www.cclcapitalmarkets.com