Inactive Instrument

Allbanc Split Corp. II

Equities

ALB

CA01674P1071

Allbanc Split Corp. II : Partial Call for Redemption

February 14, 2020 at 05:05 pm EST

TORONTO, Feb. 14, 2020 /CNW/ - Allbanc Split Corp. II (the "Company") announced today that it has called 60,181 Preferred Shares for cash redemption on February 28, 2020 (in accordance with the Company's Articles of Incorporation, as amended) representing approximately 12.274% of the outstanding Preferred Shares as a result of the special annual retraction of 120,362 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on February 26, 2020 will have approximately 12.274% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $25.67 per share.

Holders of Preferred Shares that are on record for dividends but have been called for redemption will be entitled to receive dividends thereon which have been declared but remain unpaid up to but not including February 28, 2020.

Payment of the amount due to holders of Preferred Shares will be made by the Company on February 28, 2020. From and after February 28, 2020 the holders of Preferred Shares that have been called for redemption will not be entitled to dividends or to exercise any right in respect of such shares except to receive the amount due on redemption.

Allbanc Split Corp. II is a mutual fund corporation created to hold a portfolio of publicly listed common shares of selected Canadian chartered banks. Capital Shares and Preferred Shares of Allbanc Split Corp. II are listed for trading on The Toronto Stock Exchange under the symbols ALB and ALB.PR.C respectively.

SOURCE Allbanc Split Corp. II

Latest news about Allbanc Split Corp. II

Allbanc Split Corp. Ii Reports Earnings Results for the Half Year Ended August 31, 2020	20-10-07	CI
Allbanc Split Corp. II Declares Dividends on Capital Share, Payable on August 31, 2020	20-07-23	CI
Allbanc Split Corp. Ii Reports Earnings Results for the Full Year Ended February 28, 2020	20-04-27	CI
Allbanc Split Corp. Ii Reports Earnings Results for the Half Year Ended August 31, 2019	19-10-10	CI
Allbanc Split Corp. II Declares Quarterly Dividends on Preferred Share and Capital Share, Payable on August 30, 2019	19-07-25	CI
Allbanc Split Corp. Ii Reports Earnings Results for the Full Year Ended February 28, 2019	19-04-30	CI
Allbanc Split Corp. II Declares Quarterly Preferred Share and Capital Share Dividends, Payable on May 31, 2019	19-04-25	CI
Allbanc Split Corp. II Declares Quarterly Dividends, Payable on February 28, 2019	19-02-06	CI
Allbanc Split Corp. II Declares Quarterly Dividends on Preferred and Capital Shares, Payable on November 30, 2018	18-10-04	CI
Allbanc Split Corp. II Declares Quarterly Dividends Payable on February 28, 2017	17-02-09	CI
Allbanc Split Corp. II Declares Quarterly Dividends Payable on November 30, 2016	16-10-06	CI
Allbanc Split Corp. II Declares Dividends on Preferred Share and Capital Share, Payable on August 31, 2016	16-07-28	CI
Allbanc Split Corp. II Declares Quarterly Dividends on Preferred Share and Capital Share, Payable on November 30, 2015	15-10-08	CI
Allbanc Split Corp. II Declares Quarterly Dividends on Preferred Share and Capital Share, Payable on August 31, 2015	15-07-29	CI
Allbanc Split Corp. II Declares Quarterly Dividend on Preferred Share and Capital Share, Payable on August 29, 2014	14-07-30	CI
Allbanc Split Corp. II Reports Earnings Results for the Six Months Ended August 31, 2013	13-10-23	CI
Allbanc Split Corp. II Declares Quarterly Dividends on Capital Share and Preferred Share, Payable on August 31, 2012	12-08-01	CI

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Company Profile

Allbanc Split Corp. II is a Canada-based mutual fund company. The Company's principal activity is to invest in common shares (Portfolio Shares) of Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank. The Company holds a portfolio of common shares of Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, The Bank of Nova Scotia, Royal Bank of Canada and The Toronto-Dominion Bank (the Portfolio Shares) in order to generate income for the holders of its preferred shares (the Preferred Shares) and to enable the holders of its Capital Shares to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends payable on the Portfolio Shares. It invests in Portfolio Shares and does not engage in trading except in limited circumstances, including fund retractions or redemptions of Capital Shares and Preferred Shares.

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