BNS Split Corp. II to redeem some preferred shares on Sept. 20

By Marisa Wong

Los Angeles, Sept. 9 – BNS Split Corp. II said it has called 34,446 preferred shares for redemption on Sept. 20.

The preferreds will be redeemed on a pro rata basis, so that each holder will have about 7.7% of their preferreds redeemed.

The redemption price will be $19.71 per share in cash.

Holders will be entitled to receive dividends that have been declared but remain unpaid up to but excluding Sept. 20.

BNS is a Toronto-based mutual fund corporation created to hold a portfolio of common shares of Bank of Nova Scotia.

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