Split Yield Corporation

Split Yield Corporation

July 20, 2009 09:00 ET

Split Yield Corporation: Regular Quarterly Dividend for Class I Preferred Share

TORONTO, ONTARIO--(Marketwire - July 20, 2009) - The Board of Directors of Split Yield declares regular quarterly distribution of $0.2750 for each Class I Preferred Share payable July 31, 2009 to shareholders of record on that date. Split Yield will suspend its dividend payment for the Class II Preferred Share for this quarter in order to preserve cash and to assist in rebuilding the net asset value in an attempt to meet its objectives in the longer term. Since Class II Preferred Shares are cumulative, this suspended dividend will be accrued to the benefit of the Class II Preferred Shareholders and recorded as a liability in the Company's net asset value.

Since inception Class I Preferred shareholders have received a total of $12.42 per share inclusive of this dividend.

Split Yield Corporation is an actively managed mutual fund corporation that invests primarily in common shares of companies included in the S&P/TSX 60 Index and the S&P 100 Index. To generate additional returns above the dividend income earned in the portfolio, the Corporation will from time to time write covered call options in respect to all or part of the common shares in the portfolio.

Preferred Distribution Details:

Dividend per Class I Preferred Share: (YLD.PR.A) $ 0.2750

Payable Date: July 31, 2009

Record Date: July 31, 2009

Ex-Dividend Date: July 29, 2009

Contact Information

  • Split Yield Corporation
    Investor Relations
    416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)