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.

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Big Banc Split Corp

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Post by ThurstonHowell3on Mar 24, 2015 12:28am

293 Views

Post# 23553707

no one should be surprised

BNK is on hell of a company. Nothing but shear delite, does not suprise me one bit bnk moved higher.....being with this group & bnk. I'v done my research, allways wanted bnk. BNK operates its company, like a major bank. Believe it or not most bnk investors most likely love & play bank stocks, owning bnk is the safest play in the oilfields. Other than the majors IE chevron (what a gorgeous company succulent.) Other than those, bnk will continue to extend its olive branch @ a higher return of chevron. I'm not the smartest, I am smart to follow the smart. Which is the bankers group, I call you guys. You can call me Gilligan :)

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