TORONTO, Sept. 6, 2013 /CNW/ - BNS Split Corp. II (the "Company") announced today that it has called 136,850 Preferred Shares for cash redemption on September 20, 2013 (in accordance with the Company's Articles) representing approximately 16.1% of the outstanding Preferred Shares as a result of the special annual retraction of 273,700 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 18, 2013 will have approximately 16.1% 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 20, 2013.
Payment of the amount due to holders of Preferred Shares will be made by the Company on September 20, 2013. From and after September 20, 2013 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 created to hold a portfolio of 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 BSC.PR.B respectively.
SOURCE: BNS Split Corp. II
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