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S Split Corp.

 

SBN.PR.A
SBN

Distributions & Tax

Preferred shares pay fixed cumulative preferential monthly cash distributions in the amount of $0.04375 per Preferred share representing a yield on the original issue price of the Preferred shares of 5.25% per annum.

Class A share distributions are calculated and paid monthly based on 6.0% per annum of the net asset value of the Class A shares.

Most Recent Distributions

Ticker Distribution
Date
Current
Distribution
Current
Yield*
Distributions
Since Inception
SBN.PR.A 2018-07-31 $0.04                     5.03% $5.88                    
SBN 2018-07-31 $0.04                     6.88% $5.93                    

 

Tax Benefits

Distributions from the Fund may have significant tax benefits which result in higher after-tax cash flow than if the income had been earned outside of the Fund. Distributions on the Preferred Shares will generally be classified as dividend income or a return of capital for tax purposes. It is expected that the distributions on the Class A shares will mainly be comprised of capital gains or return of capital. To the extent that any portion of the distribution is ordinary taxable dividends and not capital gains dividends, they will be eligible dividends. The Fund will generally earn dividends on portfolio securities, interest income on cash balances and option premium income which is generally taxed as capital gains. Some portion of a distribution may be considered a return of capital for tax purposes, which is not included in an investor’s taxable income for a year, but will reduce the adjusted cost base of the shares, by the amount received. The reduction in the adjusted cost base of the shares is ultimately taxed as a capital gain when the shares are sold for investors who hold their shares as capital property.

The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March following receipt of the information from the Fund's custodian. This information will also be posted on the website as soon as it is available.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

 

 

Tax and Distribution Summary - SBN.PR.A Year Selection: 

 

  Regular Distribution Special Distribution Total Distribution Capital Gains
per Unit
Div. Income per Unit Return of Capital Other Income Foreign Dividend Income Witholding Taxes Paid
July 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
June 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
May 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
April 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
March 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
February 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
January 2018 0.043750 0.000000 0.043750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
Total for 2018     $0.306250 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000
Percent (%)       0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total Distributions
to Date
    $5.881460            

 

Tax and Distribution Summary - SBN

 

  Regular Distribution Special Distribution Total Distribution Capital Gains
per Unit
Div. Income per Unit Return of Capital Other Income Foreign Dividend Income Witholding Taxes Paid
July 2018 0.038550 0.000000 0.038550 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
June 2018 0.040750 0.000000 0.040750 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
May 2018 0.042100 0.000000 0.042100 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
April 2018 0.042250 0.000000 0.042250 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
March 2018 0.043200 0.000000 0.043200 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
February 2018 0.046700 0.000000 0.046700 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
January 2018 0.047500 0.000000 0.047500 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
Total for 2018     $0.301050 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000
Percent (%)       0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total Distributions
to Date
    $5.929670            

 

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