Tuesday, October 4, 2011

ALB - Allbanc Split Corp. II Declares Quarterly Dividends (CAD 0.2316)

Company: Allbanc Split Banc Corp Ii
Stock Name: ALB
Amount: CAD 0.2316
Announcement Date: 04/10/2011
Record Date: 11/11/2011

Dividend Detail:



TORONTO, Oct. 4, 2011 /CNW/ - The Board of Directors of Allbanc Split
Corp. II (the "Company") has declared today dividends of $0.2316 per
Preferred Share and $0.085 per Capital Share, payable on November 30,
2011
to holders of record at the close of business on November 15,
2011
.



Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.2316 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
Preferred Shares.



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, Preferred Shares and Warrants of
Allbanc Split Corp. II are listed for trading on The Toronto Stock
Exchange under the symbols ALB, ALB.PR.B and ALB.WT respectively.






No comments:

Post a Comment