AIC Global Financial Split Corp. said it will continue to suspend payment of the regular monthly distribution on its Class A Shares in order to protect the corporation’s Net Asset Value (NAV) and to preserve its ability to rebuild and meet its investment objectives in the long term, the company announced Tuesday.

The corporation’s portfolio of securities comprised primarily of the world’s leading bank-based, insurance-based and investment management-based financial services companies has experienced a sharp decline resulting in a reduction in the funds NAV, the company said in a release.

The fund’s articles of incorporation allows it to suspend distributions on the Class A Shares if the NAV per Class A Share would be less than $15 after the payment of such distributions.

Due to the decline in the NAV, no distribution will be paid to shareholders of record as of Nov. 28.

A re-evaluation will be conducted once the NAV per Class A Share is at or greater than $15, the company said.

The Copernican funds are also suspending monthly distributions for similar reasons.

The affected funds include:

> European Premium Dividend Fund

> Copernican British Banks Fund

> Copernican International Premium Dividend Fund

> Copernican World Financial Infrastructure Trust-

> Copernican World Banks Income and Growth Trust.

IE