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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Big Banc Split Corp
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Comment by nijinsky70on Aug 12, 2010 3:52pm
256 Views
Post# 17346075

RE: Pep Talk Please...

RE: Pep Talk Please...I don't want to try and predict the BNK Q2 results.  Usually if a company waits until the absolute last day to report, I just don't have a nice feeling it's good news.  Since August 14 is the 45th. day after the end of the last quarter - 6/30/2010, in which BNK must report, and that being a Saturday hence it makes Friday the 13th, tomorrow, the absolute last day to report - unless they filed for an extention already.   

The funny thing is there is not even a formality announcement on when the Q2 results will be released.  That's rather unusual too.
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