Allbanc Split Corp. II Announces Shareholder Meeting Date and Record Date for Reorganization Proposal
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/27/15 -- Attention: Business / Financial Editors
Allbanc Split Corp. II (TSX: ALB)(TSX: ALB.PR.B) (the "Company") previously announced that the Board of Directors approved a proposal to reorganize the Company. The reorganization will permit holders of Capital Shares to extend their investment in the Company beyond the scheduled redemption date of February 28, 2016 for an additional five years. The Preferred Shares will be redeemed on the same terms originally contemplated in their share provisions on February 26, 2016.
A special meeting of holders of the Capital Shares has now been called and will be held on December 11, 2015 to consider and vote upon the proposed reorganization. Details of the proposed reorganization will be outlined in an information circular to be prepared and delivered to holders of Capital Shares of record on November 5, 2015 in connection with the special meeting. Implementation of the proposed reorganization will also be subject to applicable regulatory approval including the Toronto Stock Exchange.
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.
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Investor Relations
Investor Relations
416-863-5930
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Datum: 27.10.2015 - 10:23 Uhr
Sprache: Deutsch
News-ID 1394721
Anzahl Zeichen: 2048
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