Global Champions Split Corp. Announces Quarterly Distribution
TORONTO, ON (March 23, 2015) – Global Champions Split Corp. (the “Company”) (TSX: GCS.PR.A) announced today that it has declared a quarterly distribution on its Class A Preferred Shares, Series 1 (the “Series 1 Shares”). The distribution is equal to C$0.25 per Series 1 Share for the quarter ending March 31, 2015 and will be paid on or before April 15, 2015 to the holders of record at the close of business on March 31, 2015.
About Global Champions Split Corp.
Global Champions Split Corp. is an investment fund incorporated under the laws of the Province of Ontario. The Company invests in a diversified portfolio of large capitalization companies that it believes are best in class within their respective industries. The Company invests in the portfolio in order to generate fixed cumulative quarterly cash distributions for holders of the Company’s Series 1 Shares and to enable the holders of the capital shares to participate in any capital appreciation in the securities that comprise the portfolio.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include the factors discussed under “Investment Considerations and Risk Factors” in the final prospectus of the Company dated February 28, 2013. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
For further information, please contact:
Global Champions Split Corp.
Chief Financial Officer