TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - NB Split Corp. (the "Company") (TSX:NBF.PR.A)(TSX:NBF) announced today that in accordance with the Company's articles, it will redeem 242,400 Preferred Shares on December 29, 2011 at a price of $32.72 per Preferred Share for payment on December 30, 2011 as a result of the special annual retraction of Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis by CDS in accordance with its participants' policies and procedures. In aggregate approximately 46.4% of the Company's Preferred Shares will be redeemed.

Following the redemption of the Preferred Shares, and other Capital Shares and Preferred Shares tendered pursuant to the special annual retraction, there will remain approximately 559,448 Capital Shares and approximately 279,724 Preferred Shares outstanding.

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