R Split III Corp. Declares Quarterly Dividends
July 30 2015 - 11:59AM
PR Newswire (Canada)
TORONTO, July 30, 2015 /CNW/ - The Board of Directors of
R Split III Corp. (the "Company") has today declared a
dividend of $0.1445 per Preferred
Share and $0.1175 per Capital Share,
payable on August 31, 2015 to holders
of record at the close of business on August
24, 2015.
Holders of Preferred Shares are entitled to receive quarterly
fixed cumulative dividends equal to $0.1445 per Preferred Share. The Company's
Capital Share dividend policy is to pay a quarterly dividend on the
Capital Shares equal to the excess of the dividends received on the
Royal Bank Shares minus the Preferred Share dividends and all
administrative and operating expenses provided the net asset value
per Unit at the time of declaration, after giving effect to the
dividend, would be greater than the original issue price of the
Preferred Shares.
R Split III Corp. is a mutual fund corporation created to hold a
portfolio of common shares of the Royal Bank of Canada. Capital Shares and Preferred Shares of
R Split III Corp. are listed for trading on The Toronto Stock
Exchange under the symbols RBS and RBS.PR.B respectively.
SOURCE R Split III Corp.
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