An anonymous director reports

ALLBANC SPLIT CORP. II DECLARES QUARTERLY DIVIDENDS

The board of directors of Allbanc Split Corp. II has declared dividends of 23.16 cents per preferred share and 12.25 cents per capital share, payable on Aug. 29, 2014, to holders of record at the close of business on Aug. 15, 2014.

Holders of preferred shares are entitled to receive quarterly fixed cumulative distributions equal to 23.16 cents 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 on the underlying portfolio securities 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.