Renasant Financial Partners Ltd.
TSX : REN

Renasant Financial Partners Ltd.

March 13, 2007 15:10 ET

Renasant Financial Partners Ltd.: Special Meeting of Shareholders

MISSISSAUGA, ONTARIO--(CCNMatthews - March 13, 2007) - Renasant Financial Partners Ltd. (TSX:REN) (the "Corporation") today announced that the shareholders, at a special meeting held earlier in the day, approved and authorized the Corporation to reduce its stated capital from time to time by such amount as are determined in the sole discretion of the Board of Directors up to a maximum of approximately $47 million. Based on this approval by the shareholders, the Corporation, as previously approved by the Board of Directors, will proceed to reduce its stated capital by $26 million. Distribution of this amount as a return of capital will be made March 30, 2007 to shareholders of record on March 22, 2007. It is currently anticipated that the payment will approximate $3.00 per share subject to any changes which may arise prior to the record date.

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