SBN S Split Corp

(TSX: SBN; SBN.PR.A) S Split Corp. has declared monthly distributions, payable on January 31, 2023 to shareholders of record on January 13, 2023. Due to the decline in the net asset value (“NAV”) per unit below $16.50, the Company has suspended distributions on its Class A Shares in accordance with the Articles of Incorporation.  The NAV per Unit on December 22, 2022 was $12.94.

Share Class	Ticker	Amount Per Share
Class A Shares	SBN	$0.00000
Preferred Shares	SBN.PR.A	$0.04375

To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit www.mulvihill.com.

John Germain, Senior Vice-President & CFO

Mulvihill Capital Management Inc.121 King Street WestSuite 2600Toronto, Ontario M5H 3T9

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.