ALB - <span class="simulate_din_font">Allbanc Split Corp. II Declares Quarterly Dividends</span> (CAD 0.2316)

Company: Allbanc Split Banc Corp Ii
Stock Name: ALB
Amount: CAD 0.2316
Announcement Date: 27/04/2012
Record Date: 11/05/2012

Dividend Detail:

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TORONTO, April 27, 2012 /CNW/ - The Board of Directors of Allbanc Split
Corp. II (the "Company") has declared today dividends of $0.2316 per
Preferred Share and $0.095 per Capital Share, payable on May 31, 2012
to holders of record at the close of business on May 15, 2012.



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

For further information:

please contact:

Investor Relations
Allbanc Split Corp. II
Telephone: (416) 863-5930
E-mail:��mc.allbanc2@scotiabank.com
Web site:��www.scotiamanagedcompanies.com