Mulvihill Capital Management Inc. Announces Discontinuing Service Fees for S Split Corp., Top 10 Split Trust and World Financial Split Share Corp.
TORONTO, May 31, 2022 (GLOBE NEWSWIRE) -- (TSX: SBN, TXT.UN, WFS) Mulvihill Capital Management Inc., the manager of S Split Corp., Top 10 Split Trust and World Financial Split Share Corp. (collectively, the “Funds”) announces effective today, that the Funds will discontinue paying service fees, which are currently paid to dealers whose beneficial owners hold Class A shares or Capital units of the Funds. An increasing number of TSX traded funds have discontinued or did not offer service fees. Discontinuing service fees will lower the management expense ratios of the Funds and will also enhance the ability for fee-based accounts to hold Class A shares or Capital units of the Funds.
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.mulvihill.com.
John Germain, Senior Vice-President & CFO | Mulvihill Capital Management Inc. |
You will usually pay brokerage fees to your dealer if you purchase or sell shares or units of the Funds on the TSX. If the shares or units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying and may receive less than current net asset value when selling them. There are ongoing fees and expenses associated with owning shares or units of the Funds. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
