TORONTO, ON--(Marketwired - December 02, 2016) - Big 8 Split Inc. (TSX: BIG.D) (TSX: BIG.PR.D) (the "Company") announced today, a total of 150,285 Class D Preferred Shares and 150,285 Class D Capital Shares, or approximately 12.69% of both classes of shares currently outstanding, will be redeemed as a result of holders of 150,285 Units exercising their special annual concurrent retraction privilege. The Units shall be redeemed for holders of record on December 9, 2016, and holders will only be entitled to receive dividends on those which have been declared but remain unpaid up to and including December 15, 2016.
Payments and delivery of cash and common shares owing as a result of shareholders having exercised their retraction privilege, will be made by the Company on December 15, 2016.
The Company was established to generate dividend income for holders of the Class D Preferred Shares while providing holders of the Class D 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 http://www.timbercreek.com/investments/managed-companies/big8-split-inc/overview.
The Class D Capital Shares and Class D Preferred Shares of Big 8 Split are listed on the Toronto Stock Exchange under the symbols BIG.D and BIG.pr.D respectively.