Allbanc Split Corp. II Partial Call for Redemption

    TORONTO, Feb. 13 /CNW/ - Allbanc Split Corp. II (the "Company") announced
today that it has called 644 Preferred Shares for cash redemption on February
27, 2009 (in accordance with the Company's Articles) representing
approximately 0.015% of the outstanding Preferred Shares as a result of the
special annual retraction of 564,456 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 February 26, 2009 will have
approximately 0.015% of their Preferred Shares redeemed. The redemption price
for the Preferred Shares will be $25.00 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 February 27,
    Payment of the amount due to holders of Preferred Shares will be made by
the Company on February 27, 2009. From and after February 27, 2009 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.

    Allbanc Split Corp. II is a mutual fund corporation created to hold a
portfolio of publicly listed common shares of selected Canadian chartered
banks. Capital Shares and Preferred Shares of Allbanc Split Corp. II are
listed for trading on The Toronto Stock Exchange under the symbols ALB and
ALB.PR.A respectively.

    %SEDAR: 00023067E

For further information:

For further information: Investor Relations, Allbanc Split Corp. II,
Telephone: (416) 863-5930, E-mail:, Web site:

Organization Profile

AllBanc Split Corp. II

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890