Company Details

Directors and Officers

The following are the names, office(s) held and principal occupations of the directors and officers of the Company:

Brian D. McChesney
President, Chief Executive Officer and Director
(Corporate Director)

Stephen D. Pearce
Chief Financial Officer, Secretary and Director
(Director, Scotia Capital Inc.)


Profile

SNP Split Corp. was created to invest its funds in the common shares of the companies that make up the S&P 100 Index in order to generate distributions for holders of its Preferred Shares and to enable the holders of the Company's Capital Shares to participate in any capital appreciation in the portfolio shares.

General Information

Distribution Policy

Distributions were fixed and cumulative and were paid quarterly. For historical distribution amounts, please see distribution information.

Redemption

All Capital Shares and Preferred Shares were redeemed by the Company on June 3, 2011. The Preferred Shares were redeemed at a price per share equal to US$10.25. Capital Shares were redeemed at US$3.9418 per share.

Holders of 93,800 Capital Shares requested delivery of and received their pro rata share of portfolio shares in payment for their Capital Shares.

Taxation

Dividends other than the capital gains dividends received by individuals on the Preferred or Capital Shares will be subject to the normal gross-up and dividend tax credit rules applicable to dividends received on shares of a taxable Canadian corporation.

Return of capital payments to a holder of Preferred Shares will not be subject to tax but will reduce the adjusted cost base of the Preferred Shares to the holder.

The amount of any capital gains dividend received by a holder of Preferred Shares or Capital Shares will be considered to be a capital gain of the holder in the taxation year in which the capital gain is received.

The Company qualifies as a "mutual fund corporation" and a "financial intermediary corporation" as defined in the Income Tax Act (Canada). As a result thereof and after deduction of expenses in computing its income, the Company does not anticipate that it will be subject to any material non-refundable income tax liability.