GlobalBanc Advantaged 8 Split Corp.
TSX : GBA
TSX : GBA.PR.A

GlobalBanc Advantaged 8 Split Corp.

March 20, 2009 08:00 ET

GlobalBanc Advantaged 8 Split Corp. Announces Quarterly Dividend

TORONTO, ONTARIO--(Marketwire - March 20, 2009) - GlobalBanc Advantaged 8 Split Corp. (TSX:GBA.PR.A)(TSX:GBA) announces a dividend of $0.005 per Preferred Share for the quarter ending March 31, 2009. The dividend will be paid on April 13, 2009 to holders of record on March 31, 2009. No dividend will be paid on the Class A Shares for the quarter ending March 31, 2008.

Consistent with the Company's current dividend policy, the dividend on the Preferred Shares represents approximately one-quarter of the current Bloomberg Dividend Forecast of the dividends to be paid by the banks comprising the Bank Portfolio in the upcoming 12 months, less an estimate of the expenses of the Company. The Board of Directors will continue to monitor these estimates and may revise the amount of dividends paid on the Preferred Shares in the future, up or down, to take in to account changes in these estimates and changes in the Company's expenses.

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