B Split II Corp. Declares Quarterly Distributions

TORONTO, Jan. 14 /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 March 1, 2010 to holders of record at the close of business on February 22, 2010. 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 $0.12 per Capital Share, payable on March 1, 2010 to holders of record at the close of business on February 22, 2010. 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.

The Capital Shares and Preferred Shares are scheduled to be redeemed by the Company on June 1, 2010 (the "Redemption Date") in accordance with the redemption provisions as detailed in the prospectus dated May 25, 2005. Notice of redemption will be given by the Company at least 45 days prior to the Redemption Date.

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

SOURCE B SPLIT II CORP.

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

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B SPLIT II CORP.

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