SOURCE: 5Banc Split Inc.

5Banc Split Inc.

November 18, 2016 17:46 ET

5Banc Split Inc. Announces Quarterly Dividends on Class C Preferred Shares and Class B Capital Shares

TORONTO, ON --(Marketwired - November 18, 2016) - 5Banc Split Inc. (the "Company") (TSX: FBS.B) (TSX: FBS.PR.C) announced today that it has declared a quarterly dividend of $0.11875 per Class C Preferred Share. In addition, a quarterly dividend on its Class B Capital Shares was declared of $0.2000 per Class B Capital Share. The dividends on both the Class C Preferred Shares and Class B Capital Shares are payable on December 15, 2016 to holders of record on November 30, 2016.

The Company was established to generate dividend income for the Class C Preferred Shares, while providing holders of the Class B 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.timbercreek.com/investments/managed-companies/5banc-split-inc/overview.

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

Contact Information

  • For further information contact:
    Timbercreek Asset Management Inc.
    Carrie Morris
    Investor Relations
    cmorris@timbercreek.com