Big 8 Split Inc. Announces Quarterly Dividends on Preferred and Capital Shares

TORONTO, ONTARIO - (Marketwire - July 23, 2008) - Big 8 Split Inc. (TSX:BIG.A)(TSX:BIG.PR.A) announced today that it has declared a quarterly dividend on its Preferred Shares in the amount of $0.28125 per Preferred Share and on its Capital Shares of $0.37 per Capital Share. The Capital Share dividend has been set based on the current level of dividend income on the Portfolio Shares and on the currently anticipated level of operating expenses for Big 8 Split Inc. The dividends are payable on September 15, 2008 to holders of record on August 29, 2008. 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,... [read full story]