TORONTO, May 20 /CNW/ - The Board of Directors of SNP Split Corp. (the
"Company") has today declared a cash distribution of US$0.1281 per Class B
Preferred Share consisting of a return of capital on such Class B Preferred
Shares equal to US$0.1281 per share payable on June 4, 2009 to holders of
record at the close of business on June 3, 2009.
Holders of Class B Preferred Shares are entitled to receive quarterly
fixed cumulative distributions equal to US$0.1281 per Class B Preferred Share.
Such distributions may consist of ordinary dividends, capital gains dividends,
and/or non-taxable returns of capital.
SNP Split Corp. is a mutual fund corporation created to hold a portfolio
of common shares (the "Portfolio Shares") of the companies that make up the
S&P 100 Index. The Company generates quarterly fixed cumulative preferential
distributions for the Class B Preferred Shareholders and provides the Capital
Shareholders with a leveraged investment, the value of which is linked to
changes in the market price of the Portfolio Shares.
Capital Shares and Class B Preferred Shares of SNP Split Corp. are listed
for trading on The Toronto Stock Exchange under the symbols SNP.U and SNP.PR.V
For further information:
For further information: Investor Relations, SNP Split Corp., (416)
945-4994, E-mail: email@example.com, Web site: