TORONTO, Dec. 8 /CNW/ -- Big 8 Split Inc. announced today that it has declared a dividend on its Class A Capital Shares (the "Capital Shares") in Capital Shares of 0.6 Capital Shares for each Capital Share outstanding or 640,203 shares in the aggregate. The dividend is payable on December 15, 2009 to holders of record of the Capital Shares at 1:00 a.m. (Toronto time) on December 15, 2009. After giving effect to the share dividend, but prior to the Company's proposed new issue which will include additional Capital Shares, there will be 1,707,208 Capital Shares outstanding.
Big 8 Split was established to generate dividend income for 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, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation and Sun Life Financial Inc. Information concerning Big 8 Split Inc. is available on our website at www.tdsponsoredcompanies.com.
The Capital Shares and Class B Preferred Shares of Big 8 Split are listed on the Toronto Stock Exchange under the symbols BIG.A and BIG.pr.B respectively.