M SPLIT CORP. Monthly Dividend Declared for Class I Preferred Shares

M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price.

Distributions are payable April 9, 2020 to shareholders on record as at March 31, 2020.

Since the latter part of February 2020, financial markets have been extremely volatile in response to the developing COVID-19 pandemic and equity markets in particular have experienced significant declines. The investment portfolio of the Company has been subject to these market fluctuations and the net assets of the Company have been materially negatively impacted. The Company’s investment portfolio may continue to experience significant volatility as the situation evolves.

M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.

Distribution Details

Class I Preferred Share (XMF.PR.B)	$0.03125

Ex-Dividend Date:	March 30, 2020

Record Date:	March 31, 2020

Payable Date:	April 9, 2020