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Bullboard - Stock Discussion Forum S Split Corp T.SBN

Alternate Symbol(s):  T.SBN.P.A

S Split Corp. (the Fund) is a Canada-based split share corporation, which invests in common shares of the Bank of Nova Scotia. The Fund’s investment objectives for the Preferred shares are to provide holders of Preferred Shares with fixed cumulative preferential monthly cash distributions in the amount of $0.04375 per Preferred Share ($0.525 per year) representing a yield on the issue price of... see more

TSX:SBN - Post Discussion

S Split Corp > Declares Monthly Distribution
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Post by Betteryear2 on Sep 02, 2021 6:16pm

Declares Monthly Distribution

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) -- (TSX: SBN; SBN.PR.A) S Split Corp. has declared monthly distributions, payable on September 30, 2021 to shareholders of record on September 15, 2021. Due to the decline in the net asset value (“NAV”) per unit below $16.50, the Company has suspended the monthly distribution on its Class A Shares in accordance with the Articles of Incorporation. The NAV per Unit on August 31, 2021 was $16.38.

Share Class Ticker Amount Per Share
Class A Shares SBN $0.00000
Preferred Shares SBN.PR.A $0.04375

To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@strathbridge.com or visit www.strathbridge.com.

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S Split Corp