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

GlobalBanc Advantaged 8 Split Corp.

March 19, 2008 08:30 ET

GlobalBanc Advantaged 8 Split Corp.: For Immediate Release

TORONTO, ONTARIO--(Marketwire - March 19, 2008) - GlobalBanc Advantaged 8 Split Corp. (the "Corporation") (TSX:GBA.PR.A)(TSX:GBA) announces a distribution of $0.1125 per Preferred Share for the quarter ending March 31, 2008. The distribution will be paid on April 10, 2008 to holders of Preferred Shares the record date of March 31, 2008. The Corporation announces that a distribution will not be paid on the Class A Shares for the quarter-ending March 31, 2008.

The Corporation also announces the following:

1. The Corporation will commence publishing the net asset value of the Class A Shares and the Preferred Shares on a daily basis on its website at www.globalbancsplit.com.

2. The Corporation has been advised by DBRS that the rating of certain structured preferred shares with significant exposure to the financial sector, including the Corporation's Preferred Shares, have been placed "Under Review with Developing Implications".

Contact Information

  • First Asset
    Attention: Rob MacNiven
    Investor Relations
    (416) 642-1289 or 1-877-642-1289
    Website: www.globalbancsplit.com