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

<< Previous

Bullboard Posts

Next >>

Post by bagoon Nov 30, 2015 7:28pm

193 Views

Post# 24340576

At least...

it came back some as oil was reversing and coming down. Maybe it's oversold now and we can make a quick move back up to 1.75-1.8. I agree that this release was not good for us investors short term but for whatever reason management felt it was the right move.Seems when it rains it pours as if the price of oil insn't enough and now this. I don't think Albania has other motives but who knows nowadays. Lets see what the rest of the week brings....glta

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure