TORONTO, ONTARIO–(Marketwired – July 5, 2016) – S Split Corp. (TSX:SBN) (TSX:SBN.PR.A) has declared a monthly distribution of $0.04375 on its Preferred Shares and $nil on its Class A Shares, payable on July 29, 2016 to shareholders of record on July 15, 2016. Due to the decline in the net asset value (“NAV”) per unit below $16.50, the Company has suspended distributions on its Class A Shares in accordance with the Articles of Incorporation, which state that “no distributions will be paid on the Class A Shares if the distributions payable on the Preferred Shares are in arrears or if the NAV per Unit is equal to or less than $16.50”. The NAV per Unit on June 30, 2016 was $16.35.
To the extent that any portions of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Aaron Ho
Vice-President, Finance
Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966; 1.800.725.7172
www.strathbridge.com
info@strathbridge.com