GFV.PR.A: Capital Unit Dividend Reinstated

I’m a little late with this news, but that’s life …

Global Forty-Five Split Corp. announced on August 20:

that it has re-instated a distribution of $0.05 per Class A Share for the month ending August 31, 2009. The distribution will be paid on or before September 15, 2009 to unitholders of record on August 31, 2009.

The Manager will assess the ability to pay distributions, and the amount thereof, on a monthly basis. Among other considerations, the Company is not permitted to pay a distribution on the Class A Shares if, after the payment of the distribution by the Company, the Net Asset Value per Unit would be less than $15.00.

The Capital Unit dividend had been suspended in November 2008.

The last mention of GFV.PR.A on PrefBlog occurred when it was upgraded to Pfd-3(high) by DBRS. GFV.PR.A is not tracked by HIMIPref™.

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