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AIC Global Financial Split Corp. Announces Distribution
May 17, 2011 (Canada NewsWire Group) -- TORONTO, May 17 /CNW/ - AIC Global Financial Split Co...
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[{"type":"text","content":"\n\n\n May 17, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, May 17 /CNW/ - AIC Global Financial Split Corp. (TSX:\n ASC/ASC.PR.A) (the "Corporation") today announced that an accrued\n quarterly cash distribution in the amount of $0.08798 per Preferred Share of the Corporation will be included in the final\n redemption amount to be paid on or about June 6, 2011 to Preferred\n shareholders of record as of May 31, 2011.  Such distribution will\n consist of $0.00443 of eligible Canadian dividends and $0.08355 return\n of capital and has been prorated to reflect the previously announced\n termination of the Corporation effective May 31, 2011.  Class A\n shareholders are not entitled to this accrued cash distribution.  It is\n not expected that the Corporation will declare any special capital gain\n dividends prior to the final redemption payment.  As previously\n announced, at a special meeting held on April 4, 2011 the Corporation's\n shareholders voted to terminate the Corporation effective May 31, 2011,\n in accordance with its constating documents.  Shareholders need not\n take any action to receive the final redemption proceeds on termination\n of the Corporation.  In advance of the termination of the Corporation,\n the Preferred Shares and the Class A Shares will be delisted from the\n Toronto Stock Exchange as at the close of trading on May 31, 2011.\n\n\nA shareholder that has continually held shares since inception will ha...