DBRS Discontinues Rating on Class A Preferred Shares of BAM Split Corp.

DBRS has today discontinued its rating on the Class A Preferred Shares issued by BAM Split Corp. (the Company). On July 9, 2009, the Company announced that all of the outstanding Class A Preferred Shares (other than those owned by BAM Investments Corp.) would be redeemed at an early redemption price of $25.25 per share plus accrued and unpaid dividends. The Class A Preferred Shares owned by BAM Investments Corp. were to be converted to Capital Shares of the Company. DBRS has been informed by the Company that all outstanding shares have now either been redeemed or converted to Capital Shares. As a result, the rating on the Class A Preferred Shares has been discontinued.

Notes:
All figures are in Canadian dollars unless noted otherwise.

The applicable methodology is Split Share Issuers: A Performance Overview, which can be found on our website under Methodologies.

This is a Structured Finance rating.