TORONTO, May 10 /CNW/ - The Board of Directors of AllBanc Split Corp.
(the "Company") has today declared dividends of $0.3344 per Preferred
Share and $0.20 per Capital Share, payable on June 10, 2011 to holders
of record at the close of business on May 24, 2011.
Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.3344 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 on the underlying
portfolio securities 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
AllBanc Split Corp. is a mutual fund corporation created to hold a
portfolio of publicly listed common shares of selected Canadian
chartered banks. Class A Capital Shares, Warrants and Class B Preferred
Shares of AllBanc Split Corp. are listed for trading on The Toronto
Stock Exchange under the symbols ABK.A, ABK.WT and ABK.PR.B
SOURCE Allbanc Split Corp.
For further information:
AllBanc Split Corp.
Web site: www.scotiamanagedcompanies.com