S Split Corp. Announces Semi-Annual Results

S Split Corp. (TSX:SBN) (TSX:SBN.PR.A) announces announces results for the six months ended June 30, 2013. Net loss for the period amounted to $(1.6) million or $(0.50) per Class A share. Net assets were $17.47 per unit, net of distributions of $0.25 per Class A share and $0.26 per Preferred Share. Each unit consists of one Preferred Share and one Class A Share.

The investment objectives for the Class A Shares are: (i) to provide holders of Class A Shares with regular monthly cash distributions in an amount targeted to be 6.00% per annum on the net asset value ("NAV") of the Class A Shares; and (ii) to provide holders of Class A Shares with the opportunity for leveraged growth in NAV and distributions per Class A Share.

The investment objectives for the Preferred Shares are: (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash distributions in the amount of $0.04375 per Preferred Share ($0.525 per year) representing a yield on the issue price of the Preferred Shares of 5.25% per annum; and (ii) to return the issue price of $10.00 per Preferred Share to holders of Preferred Shares at the time of redemption of such shares on December 1, 2014.

The Fund invests in common shares of the Bank of Nova Scotia ("BNS") and employs a proprietary investment strategy, Strathbridge Selective Overwriting ("SSO"), to enhance the income generated by the BNS shares and to reduce volatility. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

The Fund's investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Fund's Preferred and Class A shares are listed on Toronto Stock Exchange under the symbols SBN.PR.A and SBN respectively.

Selected Financial Information : ($ Millions)                               
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Statement of Operations                                                     
For the six months ended June 30, 2013                                      
(Unaudited)                                                                 
                                                                            
Revenue                                                          $      1.2 
Expenses                                                               (0.8)
Preferred Share Distributions                                          (0.8)
                                                                ------------
Net Investment Loss                                                    (0.4)
                                                                            
Net Loss on Investments                                                (1.2)
                                                                ------------
Net Loss                                                         $     (1.6)

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contacts: Strathbridge Asset Management Inc. Aaron Ho Vice-President, Finance 416.681.3966; 1.800.725.7172 Strathbridge Asset Management Inc. 121 King Street West, Suite 2600 Toronto, Ontario, M5H [e-mail] www.mulvihill.com