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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

Comment by braincloudon Dec 01, 2015 8:37am
118 Views
Post# 24341834

RE:The economics just will not work...

RE:The economics just will not work...Well said DB. Perhaps they do get it but don't have the skill or resources to act quickly? Wishful thinking? This country is one of the poorest in eastern Europe. The p Last thing they need is for BNK to layoff people and to see tax rvenue drop. I hope that's all it is. Nobody is that stupid. Again, I hope this is all about political posturing nothing more. I expect that French will be meeting Edi sometime today and there will be an amicable outcome and the air gets cleared
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