5Banc Split Inc. Announces Partial Call for Redemption
TORONTO, ONTARIO -- (Marketwire) -- 11/30/12 -- 5Banc Split Inc. (the
"Company") (TSX:FBS.B)(TSX:FBS.PR.C) announced today that it has
called 437,150 Preferred Shares for cash redemption on December 14,
2012 representing approximately 16.9% of the outstanding Preferred
Shares as a result of holders of 437,150 Capital Shares exercising
their special annual retraction rights. The Preferred Shares shall be
redeemed on a pro rata basis, so that holders of record of Preferred
Shares on the close of business on December 12, 2012 will have
approximately 16.9% of their Preferred Shares redeemed. The
redemption price of $10.00 per Preferred Share will be paid on
December 14, 2012. Holders of Preferred Shares that have been called
for redemption will only be entitled to receive dividends on those
which have been declared but remain unpaid up to and including
December 14, 2012.
As a result, a total of 437,150 Preferred and Capital Shares, or
approximately 16.9% of both classes of shares currently outstanding
will be redeemed.
Payments and delivery of cash and common shares owing as a result of
shareholders having exercised their retraction privilege and the
above notice of call, will be made by the Company on December 14,
5Banc Split Inc. was established to generate dividend income for
holders of the Preferred Shares while providing holders of the
Capital Shares with a leveraged opportunity to participate in capital
appreciation from a portfolio of common shares of Bank of Montreal,
The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal
Bank of Canada and The Toronto-Dominion Bank.
Information concerning 5Banc Split Inc. is available on our website
The Capital Shares and Preferred Shares of 5Banc Split are listed on
the Toronto Stock Exchange under the symbols FBS.B and FBS.pr.C
5Banc Split Inc.
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