Inactive Instrument

BNS Split Corp II

Equities

BSC.PR.C

CA05567U4046

BNS Split Corp. II : Declares Quarterly Dividends

April 29, 2020 at 12:14 pm

TORONTO, April 29, 2020 /CNW/ - The Board of Directors of BNS Split Corp. II (the "Company") has declared today dividends of $0.1971 per Preferred Share and $0.2150 per Capital Share, payable on June 22, 2020 to holders of record at the close of business on June 15, 2020.

Holders of Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.1971 per Preferred Share. The Company's Capital Share dividend policy is to pay a quarterly dividend on the Capital Shares equal to the dividends received by the Company on the BNS Shares minus the dividends payable on the Preferred Shares and all administrative and operating expenses provided the net asset value per Unit at the time of declaration, after giving effect to the dividend, would be greater than the original issue price of the Preferred Shares.

BNS Split Corp. II is a mutual fund corporation created to hold a portfolio of common shares of The Bank of Nova Scotia. Capital Shares and Preferred Shares of BNS Split Corp. II are listed for trading on The Toronto Stock Exchange under the symbols BSC and BSC.PR.C respectively.

SOURCE BNS Split Corp. II

Latest news about BNS Split Corp II

Bns Split Corp Ii Reports Earnings Results for the Half Year Ended March 22, 2020	20-04-30	CI
Bns Split Corp Ii Reports Earnings Results for the Full Year Ended September 22, 2019	19-11-26	CI
BNS Split Corp. II Declares Quarterly Dividends and Preferred Share Dividends, Payable on December 20, 2019	19-11-21	CI
BNS Split Corp II Announces Partial Call for Redemption	19-09-09	CI
Bns Split Corp Ii Reports Earnings Results for the Half Year Ended March 22, 2019	19-05-03	CI
BNS Split Corp II Declares Quarterly Dividend on Preferred and Capital Share, Payable on June 21, 2019	19-05-02	CI
BNS Split Corp II Declares Quarterly Dividend on Preferred and Capital Share, Payable on March 22, 2019	19-03-05	CI
Bns Split Corp Ii Reports Earnings Results for the Full Year Ended September 22, 2018	18-11-23	CI
BNS Split Corp. Ii Declares Quarterly Dividends, Payable on September 22, 2017	17-09-07	CI
BNS Split Corp II Declares Quarterly Dividends, Payable on June 22, 2016	16-05-03	CI
BNS Split Corp. II Declares Dividends for Preferred Share and Capital Share, Payable on December 21, 2012	12-11-21	CI
BNS Split Corp II Declares Quarterly Dividends on Preferred shares and Common shares, Payable on March 22, 2012	12-03-06	CI

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Company Profile

BNS Split Corp. II is a Canada-based mutual fund company. The Company holds a portfolio consisting of common shares of The Bank of Nova Scotia (BNS) in order to generate income for the holders of the Company's preferred shares and to enable the holders of the Company's capital shares to participate in any capital appreciation in the BNS Shares. The Company may engage in securities lending transactions in order to generate additional returns. The Company's Unit consists of approximately two capital shares and a series 2 preferred share. The Company's authorized share capital consists of various shares, including capital shares; preferred shares; Class B, Class C, Class D, and Class E capital shares, and Class J shares and Class S shares. The policy of the Company is to invest in BNS Shares and not engage in trading except in various circumstances, including to fund retractions or redemptions of Capital Shares and Preferred Shares.

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