Press Release

DBRS Discontinues Rating of Preferred Shares Issued by NB Split Corp.

Split Shares & Funds
February 17, 2012

DBRS has today discontinued the rating of the Preferred Shares issued by NB Split Corp. (the Company). On December 30, 2011, the Company announced that the Preferred Shares would be redeemed as scheduled on the maturity date in accordance with the redemption provisions of the shares. On February 15, 2012, all outstanding Preferred Shares were redeemed at their initial issue price of $32.72.

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

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.