TORONTO, Aug. 20, 2012 /CNW/ - Allbanc Split Corp. (the "Company") announced today that its Board of Directors has retained Scotiabank to advise the Company on a possible extension and reorganization of the Company. There is no guarantee after such review an extension will be proposed and if proposed, will be approved by shareholders.
The Company 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.
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