BNS Split Corp. II Announces Conference Call

/THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, June 16, 2011 /CNW/ - BNS Split Corp. II (the "Company") is pleased to announce that it will be hosting an investor update conference call on Thursday, June 23, 2011, with Brian McChesney, President and CEO of Scotia Managed Companies Administration Inc. (the "Administrator").

The conference call will provide an update on the Company's performance. Investors and investment advisors are reminded that the Company currently has warrants outstanding which expire on July 7, 2011 at 5:00 p.m. (Toronto time). Note that investment dealers may have deadlines earlier than July 7, 2011.

Conference Call Details
Thursday, June 23 2011 at 11:00 a.m. (EST)
Featuring Brian McChesney, President and CEO of the Administrator
Dial-in Numbers: 416-340-2217 or 1-866-696-5910
Passcode: 3583283#

A replay of the conference call will be available at 905-694-9451 or 1-800-408-3053, passcode 3644732#.

Each warrant entitles the holder to purchase one Unit, each Unit consisting of two Capital Shares and one Preferred Share, for a subscription price of $50.84 per Unit. The warrants are listed on the Toronto Stock Exchange under the ticker symbol BSC.WT.

Holders of Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.2003 per Preferred Share. The Company's Capital Share dividend policy is to pay a quarterly dividend on the Capital Shares equal to the dividends received by the Company on the BNS Shares minus the dividends payable on the Preferred Shares and all administrative and operating expenses provided the net asset value per Unit at the time of declaration, after giving effect to the dividend, would be greater than the original issue price of the Preferred Shares.

BNS Split Corp. II is a mutual fund corporation created to hold a portfolio of common shares of The Bank of Nova Scotia. Capital Shares and Preferred Shares of BNS Split Corp. II are listed for trading on the Toronto Stock Exchange under the symbols BSC and BSC.PR.A respectively.

SOURCE BNS Split Corp. II

For further information:

For more information, please contact investor relations:

BNS Split Corp. II
(416) 863-7301
E-mail: mc_bnssplit2@scotiacapital.com
Web site: www.scotiamanagedcompanies.com


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