OTTAWA, Nov. 23, 2018 (GLOBE NEWSWIRE) — Soundvest Split Trust today announced its quarterly distribution payment as follows:

The quarterly distribution on the Capital Units of the Soundvest Split Trust (the “Trust”) continues to be suspended for the current quarter. In accordance with the Declaration of Trust, the Trust is not permitted to make or cause to be made any cash distributions on the Capital Units if, immediately after giving effect to the proposed distribution, the Combined Value determined as of the date such distribution is declared would be less than 1.4 times the Repayment Price determined as of the same date (the ”Coverage Ratio”). The Trust will continue to monitor its net asset value to determine if and when it will be able to make future distributions on its Capital Units. The quarterly distributions on the Preferred Securities of the Soundvest Split Trust continue to be paid at the rate noted in the above table.

The manager and investment advisor and portfolio manager for the Funds is Soundvest Capital Management Ltd. (the “Manager”), an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals.

For further information please visit our website at www.soundvestcapital.com or contact:
Investor Relations
Tel: 613-236-7361

CONTACT: Email: [email protected]