5Banc Split Inc.
TSX : FBS.B
TSX : FBS.PR.B

5Banc Split Inc.

January 24, 2007 17:38 ET

5Banc Split Inc. Declares Initial Quarterly Dividends

TORONTO, ONTARIO--(CCNMatthews - Jan. 24, 2007) - 5Banc Split Inc. (the "Company")(TSX:FBS.B)(TSX:FBS.PR.B) announced today that it has declared its initial quarterly dividend on its Preferred Shares of $0.11875 per Preferred Share as provided in the prospectus. The Company also announced a dividend on its Capital Shares of $0.0075 per Capital Share. The Capital Share been set based on the current level of dividend income on the Portfolio Shares and on the currently anticipated level of operating expenses for 5Banc Split Inc. The dividends are payable on March 15, 2007 to holders of record on March 1, 2007.

5Banc Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank. Information concerning 5Banc Split Inc. is available on our website at www.tdsponsoredcompanies.com.

The Capital Shares and Preferred Shares of 5Banc Split are listed on the Toronto Stock Exchange under the symbols FBS.B and FBS.pr.B respectively.

Contact Information

  • 5Banc Split Inc.
    Nikita Tziavas
    Chief Financial Officer and Secretary
    (416) 982-2865