DBRS Discontinues Rating of SNP Split Corp. Class B Preferred Shares

DBRS has today discontinued the rating of the Class B Preferred Shares, Series 1 (the Preferred Shares) issued by SNP Split Corp. (the Company). On June 2, 2011, the Company announced that the Preferred Shares would be redeemed at their issue price of US$10.25 per share. On June 3, 2011, all outstanding Preferred Shares were redeemed and de-listed from the Toronto Stock Exchange, in accordance with the Company’s prospectus.

Notes:
The applicable methodology is Rating Canadian Split Share Companies and Trusts, which can be found on our website under Methodologies.