The Board of Directors of Energy Split Corp. II Inc. declared a return of capital distribution of $0.1718 per ROC Preferred Share payable on March 14, 2008 to holders of record at the close of business on March 7, 2008.
In addition, the Board of Directors of the Company has declared a return of capital distribution of $0.375 per Capital Yield Share payable on March 14, 2008 to holders of record at the close of business on March 7, 2008. Consequently, the twelve month trailing distribution totals $1.880 per Capital Yield Share. Distributions paid by the Company will vary with the actual distributions of the underlying portfolio of oil and gas funds and such variations may be material.
The Company's ongoing dividend policy entitles holders of ROC Preferred Shares to receive quarterly fixed cumulative distributions equal to $0.1718 per ROC Preferred Share. The Capital Yield Shareholders are provided with a leveraged play on the yield and price performance from a fixed portfolio consisting of 17 oil and gas royalty trusts listed on the Toronto Stock Exchange.
Capital Yield Shares and ROC Preferred Shares of Energy Split Corp. II Inc. are listed for trading on The Toronto Stock Exchange under the symbols EN and EN.PR.A respectively. -- www.cnxmarketlink.com
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