Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.P.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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Post by newtonboyon May 20, 2013 11:56am

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Post# 21417431

Updated Insider Activity............

The Company announces that on May 16, 2013 it was notified that a Director
exercised a portion of his stock options, thereby acquiring the following
shares:

                                       Stock       Exercise   Total Number of
Name                   Date of         Options     Price      Common Shares
                       Exercise        Exercised   (Cdn.$)    Held After
                                                              Transaction

Ian McMurtrie
                        May 16, 2013   33,333         2.37         583,333
Director

                        May 16, 2013   150,000        1.83         733,333


The Company announces that on May 16, 2013 it was notified that certain
Directors sold the following shares:

                                                     Total     Total Number of
Name                   Date of Sale   Shares Sold   Proceeds   Common Shares Held
                                                    (Cdn. $)   After Transaction

Ian McMurtrie
                       May 16, 2013   183,333       520,042         550,000
Director

Eric Brown
                       May 15, 2013   5,000          14,050          74,166
Director


For further information, contact:

Doug Urch

Executive VP, Finance and Chief Financial Officer

Ph: (403) 513-2691