TORONTO, Feb. 26, 2016 /CNW/ - Allbanc Split Corp. II (the "Company") is pleased to announce that it has completed its public offering of Class B preferred shares, series 2 ("Preferred Shares") raising $17,649,845 through the issuance of 687,567 Preferred Shares at a price per share of $25.67. In addition, the Company has redeemed all of its outstanding Class B preferred shares, series 1. The Preferred Shares were offered to the public on a best efforts basis by a syndicate of agents led by Scotia Capital Inc., which included National Bank Financial Inc., CIBC World Markets Inc., and BMO Nesbitt Burns Inc.
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
For further information: For more information, please contact investor relations: Allbanc Split Corp. II, (416) 863-5930, E-mail: email@example.com, Web site: www.scotiamanagedcompanies.com