allBanc Split Corp.

allBanc Split Corp.

February 27, 2013 08:35 ET

allBanc Split Corp. Files Final Prospectus

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2013) -

Attention: Business / Financial Editors

allBanc Split Corp. (the "Company") is pleased to announce that it has filed a final short form prospectus in respect of a public offering of 1,177,652 Class C preferred shares, series 1 ("Preferred Shares") at a price per share of $31.64 and 560,000 Class A capital shares ("Capital Shares") at a price per share of $41.88 (collectively, the "Shares"). The Shares were offered to the public on a best efforts basis by a syndicate of agents led by Scotiabank which included CIBC, RBC Capital Markets, TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., GMP Securities L.P. Mackie Research Capital Corporation, Burgeonvest Bick Securities Limited, Desjardins Securities Inc. and Manulife Securities Incorporated. The offering is expected to close on March 8, 2013.

allBanc Split Corp. is a mutual fund corporation created to hold a portfolio of common shares of the Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, Royal Bank of Canada and The Toronto Dominion Bank. The 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. The Preferred Shares have been conditionally approved by the Toronto Stock Exchange under the symbol ABK.PR.C.

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