TORONTO, March 8, 2018 /CNW/ - Scotia Managed Companies Administration Inc., as administrator of AllBanc Split Corp. (the "Company"), announced today that the redemption prices for all outstanding Capital Shares and Preferred Shares to be paid on March 9, 2018 are as follows:

Redemption Price per Preferred Share:  $31.64
Redemption Price per Capital Share:  $75.7558

Holders of 39,754 Capital Shares requested delivery of and will receive their pro rata share of portfolio shares in payment for their Capital Shares.

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 C Preferred Shares of AllBanc Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols ABK.A and ABK.PR.C respectively. The Capital Shares and Preferred Shares will be de-listed from the TSX as at the close of trading on March 9, 2018.

SOURCE Allbanc Split Corp.