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

5Banc Split Inc.

April 07, 2009 16:35 ET

5Banc Split Inc. Announces Quarterly Dividend on Preferred Shares and Continued Suspension on Capital Share Dividend

TORONTO, ONTARIO--(Marketwire - April 7, 2009) - 5Banc Split Inc. (TSX:FBS.B)(TSX:FBS.PR.B) announced today that it has declared a quarterly dividend on its Preferred Shares of $0.11875 per Preferred Share, payable on June 12, 2009 to holders of record on May 29, 2009. Holders of Preferred Shares are entitled to receive quarterly fixed cumulative dividends equal to $0.11875 per Preferred Share.

Due to the level of asset coverage on the Preferred Shares caused by the current market conditions with respect to the underlying portfolio securities, the Board has continued its suspension of Capital Shares dividends at this time. Any excess of the dividends received on the underlying portfolio securities minus the distributions payable on the Preferred Shares and all administrative and operating expenses, will be held in cash or be reinvested in short-term debt securities or underlying portfolio shares.

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.

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