AllBanc Split Corp. Retains Financial Advisor

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Allbanc Split Corp.

Aug 20, 2012, 10:05 ET

TORONTO, Aug. 20, 2012 /CNW/ - Allbanc Split Corp. (the "Company") announced today that its Board of Directors has retained Scotiabank to advise the Company on a possible extension and reorganization of the Company. There is no guarantee after such review an extension will be proposed and if proposed, will be approved by shareholders.

The Company is a mutual fund corporation created to hold a portfolio of publicly listed common shares of selected Canadian chartered banks.  Class A Capital Shares, and Class B Preferred Shares of AllBanc Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols ABK.A and ABK.PR.B respectively.

SOURCE: Allbanc Split Corp.

Investor Relations
AllBanc Split Corp.
(416) 945-4171
E-mail: [email protected]
Web site: www.scotiamanagedcompanies.com

Organization Profile

Allbanc Split Corp.

Advantaged Canadian High Yield Bond Fund is an investment fund whose investment portfolio consists of a diversified portfolio of Canadian high yield fixed income securities actively managed by High Rock Capital Management Inc. The Fund’s investment objectives are to...