TORONTO, Sept. 7, 2012 /CNW/ - BNS Split Corp. II (the "Company")
announced today that it has called 125,150 Preferred Shares for cash
redemption on September 21, 2012 (in accordance with the Company's
Articles) representing approximately 12.831% of the outstanding
Preferred Shares as a result of the special annual retraction of
250,300 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 September 19, 2012 will have approximately 12.831%
of their Preferred Shares redeemed. The redemption price for the
Preferred Shares will be $18.85 per share.
Holders of Preferred Shares that are on record for dividends but have
been called for redemption will be entitled to receive dividends
thereon which have been declared but remain unpaid up to but not
including September 21, 2012.
Payment of the amount due to holders of Preferred Shares will be made by
the Company on September 21, 2012. From and after September 21, 2012
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.
BNS Split Corp. II is a mutual fund corporation whose principal
undertaking is to invest in common shares of The Bank of Nova Scotia.
Capital Shares and Preferred Shares of BNS Split Corp. II are listed
for trading on The Toronto Stock Exchange under the symbols BSC and
SOURCE: BNS Split Corp. II
For further information:
BNS Split Corp. II
Web site: www.scotiamanagedcompanies.com