ES.PR.B: Small Call for Redemption

Energy Split Corp. has announced:

that it has called 31,450 Preferred Shares for cash redemption on September 16, 2009 (in accordance with the Company’s Articles) representing approximately 1.592% of the outstanding Preferred Shares as a result of the special annual retraction of 220,106 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on September 15, 2009 will have approximately 1.592% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $21.00 per share.

Holders of Preferred Shares that are on record for dividends but have been called for redemption will be entitled to receive dividends thereon which have been declared but remain unpaid up to but not including September 16, 2009.

Payment of the amount due to holders of Preferred Shares will be made by the Company on September 16, 2009.

ES.PR.B was last mentioned on PrefBlog when it was upgraded to Pfd-4(low) by DBRS. They closed today at 17.61-00, 15×2, so the redemption price is a small bonus to holders who don’t mind having their board lots broken up.

ES.PR.B is not tracked by HIMIPref™.

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