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5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and The Toronto-Dominion Bank. The company qualifies as a 'mutual fund corporation' under the Income Tax Act (Canada). As a result, it would not be subject to any material non-refundable income tax liability. It was established and incorporated in 2001.
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