B Split II Corp. Announces Partial Call for Redemption



    TORONTO, May 15 /CNW/ - B Split II Corp. (the "Company") announced today
that it has called 55,600 Preferred Shares for cash redemption on June 1, 2009
(in accordance with the Company's Articles) representing approximately 6.899%
of the outstanding Preferred Shares as a result of the special annual
retraction of 115,600 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 May 29, 2009 will have approximately 6.899% of their
Preferred Shares redeemed. The redemption price for the Preferred Shares will
be $9.75 per share.
    Holders of Preferred Shares that have been called for redemption will be
entitled to receive dividends thereon which have been declared but remain
unpaid up to but not including June 1, 2009.
    Payment of the amount due to holders of Preferred Shares will be made by
the Company on June 1, 2009. From and after June 1, 2009 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.

    B Split II Corp. is a mutual fund corporation created to hold a portfolio
of common shares of BCE Inc. Capital Shares and Preferred Shares of B Split II
Corp. are listed for trading on The Toronto Stock Exchange under the symbols
BXN and BXN.PR.B respectively.

    %SEDAR: 00014016E




For further information:

For further information: please contact Investor Relations, B Split II
Corp., (416) 945-4111, E-mail: mc_bsplit2@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

Organization Profile

B SPLIT II CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890