Big 8 Split Inc.

Big 8 Split Inc.

September 28, 2005 19:07 ET

Big 8 Split Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - Big 8 Split Inc. (TSX:BIG.A)( announced today that it has declared a quarterly dividend on the Company's Preferred Shares in the amount of $0.28125 per Preferred Share and on its Capital Shares of $0.10 per Capital Share. The Capital Share dividend has been set based on the current level of dividend rates on the Portfolio Shares and on the currently anticipated level of operating expenses for Big 8 Split Inc. The dividends are payable on December 15, 2005 to holders of record on December 1, 2005.

Big 8 Split was established to generate dividend income for the Preferred Shares and to provide the Capital Shares with a leveraged play on 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, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation, and Sun Life Financial Inc.

The Capital Shares and Preferred Shares of Big 8 Split are listed on the Toronto Stock Exchange under the symbols BIG.A and respectively.

Contact Information

  • Big 8 Split Inc.
    R. Denys Calvin
    Chief Financial Officer and Secretary
    (416) 982-5249