RBS - <span class="simulate_din_font">R Split III Corp. Declares Quarterly Dividends and retains Financial Advisor</span> (CAD 0.3287)

Company: R Split III Corp. Capital Shares
Stock Name: RBS
Amount: CAD 0.3287
Announcement Date: 03/11/2011
Record Date: 21/11/2011

Dividend Detail:

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TORONTO, Nov. 3, 2011 /CNW/ - The Board of Directors of R Split III Corp. (the "Company") has today declared a dividend of $0.3287 per Preferred
Share and $0.0700 per Capital Share, payable on November 30, 2011 to
holders of record at the close of business on November 23, 2011.

Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative dividends equal to $0.3287 per Preferred Share. The
Company's Capital Share dividend policy is to pay a quarterly dividend
on the Capital Shares equal to the excess of the dividends received on
the Royal Bank Shares minus the Preferred Share dividends and all
administrative and operating expenses provided the net asset value per
Unit at the time of declaration, after giving effect to the dividend,
would be greater than the original issue price of the Preferred Shares.

In addition, the Company announced today that it has retained Scotia
Capital to advise the Company on a possible extension and
reorganization of the Company. There is no guarantee that after such
review an extension will be proposed or if proposed, will be approved
by shareholders.

R Split III Corp. is a mutual fund corporation created to hold a
portfolio of common shares of the Royal Bank of Canada. Capital Shares
and Preferred Shares of R Split III Corp. are listed for trading on The
Toronto Stock Exchange under the symbols RBS and RBS.PR.A respectively.

For further information:

Investor Relations
R Split III Corp.
(416) 945-7386
E-mail:mc_rsplit@scotiacapital.com
Web site:www.scotiamanagedcompanies.com