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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 2:28pm
269 Views
Post# 21743411

RE:RE:RE:RE:RE:claim

RE:RE:RE:RE:RE:claim
"The Exports contracts pricing is based on market Prices of Brent Crude oil, and includes price limits for discussion and renegociation purpose"

Sorry, think i misread about the % of brent crude oil, or wasn't able to found back what i read this morning, it seems they are selling at Market price but  that being said, We don't know what's the price limit on those contract, Brent crude oil being at 110 $, it might have been why...

white





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