TORONTO, December 18, 2008 - Global 45 Split Corp. (TSX:GFV) (TSX:GFV.PR.A) (the "Company") announces an estimated distribution of $0.13125 per Preferred share for the quarter ended December 31, 2008. The distribution will be paid on or before January 15, 2009, to Preferred share holders of record on December 31, 2008. The Preferred share distribution will be confirmed shortly after the year-end, and prior to payment, once the Company's year-end tax position is known.
The Company will not pay a monthly distribution on its Class A Shares for the month-ended December 31, 2008.
The Manager will assess the ability to pay distributions, and the amount thereof, on a monthly basis. Among other considerations, the Company is not permitted to pay a distribution on the Class A Shares if, after the payment of the distribution by the Company, the Net Asset Value per Unit would be less than $15.00.
For further information, please contact Rob MacNiven, Investor Relations, First Asset at 416- 642-1289 or 1-877-642-1289 or visit www.firstasset.com