SBN.CA Profile & Description — S Split Corp
S Split is a mutual fund corporation. Co.'s investment objectives are to provide holders of preferred shares with fixed cumulative preferential monthly cash distributions at C$0.04375 per preferred share (C$0.525 per year) representing a yield on the issue price of the preferred shares of 5.25% per annum and to return the issue price of C$10.00 per preferred share to holders of preferred shares at the time of redemption of such shares on Dec. 1, 2014; and to provide holders of class A shares with regular monthly cash distributions in an amount targeted to be 6.0% per annum on the net asset value ("NAV") and the opportunity for leveraged growth in NAV and distributions per class A share.