FBS.PR.B: Capital Unit Dividend Reinstated

5Banc Split Inc. has announced:

that it has declared a quarterly dividend on its Preferred Shares of $0.11875 per Preferred Share and on its Capital Shares of $0.05 per Capital Share. The Capital Share dividend has been reinstated due to improved market conditions for the underlying portfolio securities. The dividends on both the Preferred Shares and Capital Shares are payable on September 15, 2009 to holders of record on August 31, 2009.

Capital Unitholders have missed two dividends, the dividend suspension was announced in January. The NAV of the company was reported to be $15.74 as of July 23.

FBS.PR.B was last mentioned on PrefBlog when it was downgraded to Pfd-4 by DBRS as part of the February mass-downgrade. It is tracked by HIMIPref™, but has been relegated to the Scraps index on credit concerns.

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