The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

AllBanc Split Corp. Announces Completion of Warrant Offering

Tuesday, June 07, 2011

AllBanc Split Corp. Announces Completion of Warrant Offering16:42 EDT Tuesday, June 07, 2011/THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./TORONTO, June 7, 2011 /CNW/ - AllBanc Split Corp. (the "Company") is pleased to announce the completion of its warrant offering. The gross proceeds from the exercise of the warrants previously issued totaled $26.9 million, representing 40% of the maximum available subscription amount.The net proceeds from the exercise of the warrants will be invested in accordance with the investment objectives of the Company.AllBanc Split Corp. 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.For further information: Investor Relations AllBanc Split Corp. (416) 945-4171 E-mail: mc_allbanc@scotiacapital.com Web site: www.scotiamanagedcompanies.com