Allbanc Split Corp. II to redeem 12.274% of preferreds on Feb. 28

By Wendy Van Sickle

Columbus, Ohio, Feb. 14 – Allbanc Split Corp. II announced it called 60,181 preferred shares, or 12.274% of its outstanding preferred shares, for redemption on Feb. 28.

The preferreds will be redeemed on a pro rata basis at a price of C$25.67 per share, according to a press release.

The redemption is due to a special annual retraction of 120,362 capital shares by holders.

Allbanc is a Toronto-based mutual fund corporation created to hold a portfolio of publicly listed common shares of selected Canadian chartered banks.

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