TORONTO, Nov. 05, 2018 (GLOBE NEWSWIRE) -- (TSX: SBN; SBN.PR.A) S Split Corp. has declared a monthly distribution of $0.04375 on its Preferred Shares, payable on November 30, 2018 to shareholders of record on November 15, 2018. Due to the decline in the net asset value ("NAV") per unit below $16.50, the Company has suspended distributions on its Class A Shares in accordance with the Articles of Incorporation. The NAV per Unit on October 31, 2018 was $16.28.
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 [email protected] or visit www.strathbridge.com.
John Germain, Senior Vice-President & CFO
Strathbridge Asset Management Inc. 121 King Street West Suite 2600 Toronto, Ontario M5H 3T9 416.681.3966; 1.800.725.7172
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