5Banc Split Inc.
TSX : FBS.pr.A

5Banc Split Inc.

November 29, 2006 21:10 ET

5Banc Split Inc. Files Final Prospectus

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - 5Banc Split Inc. (the "Company") (TSX:FBS.A)(TSX:FBS.PR.A) is pleased to announce that it has filed and received a receipt for its final prospectus from the securities regulatory authorities in each of the provinces of Canada in connection with its offerings (the "Offerings") of Class B Capital Shares ("Capital Shares") and Class B Preferred Shares ("Preferred Shares") at a price of $10.00 per Capital Share and $10.00 per Preferred Share.

The Capital Shares will provide holders thereof with a leveraged opportunity to participate in the capital appreciation and dividend growth on a portfolio of common shares of Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce. The Preferred Shares will provide holders thereof with an attractive, fixed dividend yield.

The offering is being made through a syndicate of investment dealers co-led by TD Securities Inc. and Scotia Capital Inc. that includes BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Desjardins Securities Inc., Raymond James Ltd., Blackmont Capital Inc. and Wellington West Capital Inc.

The Company's Offerings of Capital Shares and Preferred Shares are scheduled to close on December 15, 2006.

The Toronto Stock Exchange has conditionally approved the listing of the Capital Shares under the symbol FBS.B and the Preferred Shares under the symbol FBS.PR.B. The Capital Shares and Preferred Shares are scheduled to commence trading on the day of closing.

Contact Information

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