AIC Diversified Canada Split Corp.

AIC Diversified Canada Split Corp.

March 17, 2005 17:42 ET

AIC Diversified Canada Split Corp.-Distribution and Retraction, March 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AIC DIVERSIFIED CANADA SPLIT CORP.

TSX SYMBOL: ADC
TSX SYMBOL: ADC.PR.A

MARCH 17, 2005 - 17:42 ET

AIC Diversified Canada Split Corp.-Distribution and
Retraction, March 2005

BURLINGTON, ONTARIO--(CCNMatthews - March 17, 2005) - AIC Diversified
Canada Split Corp. (TSX:ADC)(TSX:ADC.PR.A) today announced that a
quarterly cash distribution in the amount of $0.375 per preferred share
of the Corporation will be paid on March 31, 2005 to preferred
shareholders of record as of March 30, 2005.

AIC Diversified Canada Split Corp. also announced that 2,700 Capital
Shares and 2,700 Preferred Shares, representing 0.28% of the issued and
outstanding Capital Shares and Preferred Shares, respectively, were
surrendered on March 16, 2005, for concurrent retraction under the
regular monthly retraction privilege. In addition, 6,000 Capital Shares,
representing .62% of the issued and outstanding Capital Shares were
surrendered on March 16, 2005 for retraction under the regular monthly
retraction privilege. In accordance with the requirements of its share
provisions, AIC Diversified Canada Split Corp. is purchasing for
cancellation 6,000 Preferred Shares, representing .62% of the issued and
outstanding Preferred Shares at the prevailing market price for the
Preferred Shares and Capital Shares on the Toronto Stock Exchange.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    AIC Limited
    Gregory Joseph
    Manager of Fund Accounting
    (905) 331-4242, extension 4284