TORONTO, Feb. 16, 2012 /CNW/ - The Board of Directors of AllBanc Split
Corp. (the "Company") has today declared dividends of $0.3344 per
Preferred Share and $0.2250 per Capital Share, payable on March 9, 2012
to holders of record at the close of business on March 8, 2012.
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, and Class B Preferred Shares
of AllBanc Split Corp. are listed for trading on The Toronto Stock
Exchange under the symbols ABK.A and ABK.PR.B respectively.
SOURCE Allbanc Split Corp.
For further information:
AllBanc Split Corp.
Web site: www.scotiamanagedcompanies.com