Oil Sands Split Trust (TSX:OST.UN)(TSX:OST.PR.A) announced a quarterly distribution of $1.15 per Capital Unit, payable on December 15, 2009 to unitholders of record on November 30, 2009.

The press release is quoted as saying:

Oil Sands Split Trust offers investors both Preferred Securities and Capital Units. The Trust holds units of Canadian Oil Sands Trust in order to fund quarterly fixed interest payments on the Trust’s Preferred Securities and to enable the holders of the Trust’s Capital Units to participate in any capital appreciation in the Canadian Oil Sands units and benefit from any increase in the distributions paid on those units.

Click here to access the entire press release

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