TORONTO, Nov. 20 /CNW/ - The Board of Directors of Thirty-Five Split
Corp. (the "Company") has today declared a cash dividend of $0.3187 per
Preferred Share payable on December 31, 2007 to holders of record at the close
of business on December 24, 2007.
Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative dividends equal to $0.3187 per Preferred Share, of which a portion
may be declared as a capital gains dividend payable in cash.
The Capital Shares and Preferred Shares will be redeemed by the Company
on March 31, 2008 (the "Redemption Date") in accordance with the redemption
provisions of the shares. Pursuant to these provisions, the Preferred Shares
will be redeemed at a price per share equal to the lesser of $25.00 and the
Net Asset Value per Unit. The Capital Shares will be redeemed at a price equal
to the amount by which the Net Asset Value per Unit exceeds $25.00.
Thirty-Five Split Corp. is a mutual fund corporation created to hold a
portfolio of publicly listed common shares of the companies that make up the
Toronto 35 Index, as detailed on the Company's website. The Company generates
dividend income for the Preferred Shareholders and provides the Capital
Shareholders with a leveraged investment, the value of which is linked to
changes in the market prices of the portfolio shares.
Capital Shares and Preferred Shares of Thirty-Five Split Corp. are both
listed for trading on The Toronto Stock Exchange under the symbols TFS and
For further information:
For further information: Investor Relations, Thirty-Five Split Corp.,
(416) 945-4535, E-mail: email@example.com, Web site: