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Dividend Growth Split Corp.: Dividend Growth Split Corp. Suspends December Class A Distribution

^{Published on 2008-12-17 14:19:45 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2008) - Dividend Growth Split Corp. (TSX:DGS) -

In accordance with its prospectus and the Class A Share Provisions, the regular, non-cumulative, monthly distribution for the month of December will not be paid on the class A shares of Dividend Growth Split Corp. Under the prospectus, no cash distribution may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit (consisting of one class A share and one preferred share) would be less than $15.00. The net asset value per unit as at December 11, 2008 was $13.31. The Fund will re-evaluate the payment of class A share distributions in each subsequent month with the expectation that normal monthly distributions will resume and a press release will be issued if the net asset value per unit is in excess of $15.00 prior to declaration.

In accordance with the Preferred Share Provisions, regular quarterly preferred share dividends will continue to be paid.

For additional information concerning the Fund, please visit our website at [ www.bromptongroup.com ].

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at [ www.sedar.com ]. Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.