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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 Whitehellon Sep 16, 2013 1:34pm
236 Views
Post# 21743174

RE:claim

RE:claimDo you have a good source on this info Bc ? I did look in the past 51-101 where they talked about that agreement with BP when exporting their oil instead of making Domestic sales, but wasn't able to found any more detail than that...

Anyhow, it shouldn't have a real short term impact as those things takes a lot of times in court and it probably won't be resolve for a few quarter... I had placed a 3,55 $ Order this morning thinking it might go down to that point... was so pissed off when i saw it bounced on 3,56 $ ... lol, ***** happen i guess^^

later
white



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