B Split II Corp. Declares Quarterly Distributions



    TORONTO, Jan. 15 /CNW/ - The Board of Directors of B Split II Corp. (the
"Company") has declared today an ordinary quarterly dividend of $0.1036 per
Preferred Share payable on February 29, 2008 to holders of record at the close
of business on February 22, 2008. Holders of Preferred Shares are entitled to
receive quarterly fixed cumulative dividends equal to $0.1036 per Preferred
Share.
    In addition, the Board of Directors of the Company has declared today a
return of capital distribution of $0.1025 per Capital Share, payable on
February 29, 2008 to holders of record at the close of business on February
22, 2008. The Company's Capital Share distribution policy is to pay holders of
Capital Shares quarterly distributions in an amount equal to the dividends
received by the Company on the BCE Inc. common shares minus the dividends
payable on the Preferred Shares and all administrative and operating expenses.

    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: 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.

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