ROC Pref II Corp.

March 09, 2007 17:24 ET

ROC Pref II Corp. (RPA.PR.A) Declares Quarterly Distribution

TORONTO, ONTARIO--(CCNMatthews - March 9, 2007) - The Board of Directors of ROC Pref II Corp. ("the Company") (TSX:RPA.PR.A) has declared a cash distribution of $0.290625 per Preferred Share consisting of a return of capital on such Preferred Shares equal to $0.290625 per Preferred Share payable on March 30, 2007 to holders of record at the close of business on March 23, 2007.

ROC Pref II Corp. is a mutual fund corporation that issued 5.25-year redeemable, retractable cumulative P-1 (Low) rated Preferred Shares which mature on or about December 31, 2009. The Company used the proceeds to gain exposure, by way of an equity forward sale agreement, to an A- rated structured note that offers credit exposure to a portfolio of 142 companies that were rated investment grade at inception.

The Preferred Shares are listed for trading on the Toronto Stock Exchange under the symbol RPA.PR.A.

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