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Article: 5Banc Split Inc. Announces Quarterly Dividends on Preferred and Capital Shares.
- Article from:
- Marketwire Canada
- Article date:
- July 30, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Jul 30, 2009 (Marketwire via COMTEX) -- 5Banc Split Inc. (TSX:FBS.B)(TSX:FBS.PR.B) announced today that it has declared a quarterly dividend on its Preferred Shares of $0.11875 per Preferred Share and on its Capital Shares of $0.05 per Capital Share. The Capital Share dividend has been reinstated due to improved market conditions for the underlying portfolio securities. The dividends on both the Preferred Shares and Capital Shares are payable on September 15, 2009 to holders of record on August 31, 2009.
5Banc Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares with a leveraged ...