Thirty-Five Split Corp. Confirms Final Redemption and Declares Quarterly Dividend

    TORONTO, March 4 /CNW/ - The Board of Directors of Thirty-Five Split
Corp. (the "Company") has declared today a cash dividend of $0.3187 per
Preferred Share payable on March 31, 2008 to holders of record at the close of
business on March 28, 2008.
    Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions 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 for
every share equal to the amount by which the Net Asset Value per Unit exceeds
    Holders of Capital Shares who request to receive their redemption payment
in pro rata shares of the Company's underlying portfolio's common shares and
give notice to this effect and tender $25.00 for every Capital Share by
March 14, 2008 will receive their pro rata share of the portfolio's common
shares. The redemption of Capital Shares and Preferred Shares will constitute
a taxable disposition of the Company's shares at the time of the redemption
whether the payment is received in the form of cash or portfolio common
    A further press release will be issued by the Company in connection with
the redemption prices on March 28, 2008. Payment of the amounts due to holders
of Capital Shares and Preferred Shares will be made by the Company on
March 31, 2008.

    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
TFS.PR.A respectively.

    %SEDAR: 00010386E

For further information:

For further information: Investor Relations, Thirty-Five Split Corp.,
(416) 945-4535, E-mail:, Web site:

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