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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 bmeister2on Dec 01, 2015 9:38am
119 Views
Post# 24342120

RE:RE:The economics just will not work...

RE:RE:The economics just will not work...
Agree with you BC on the post by Dbeaude as being bang on, no pun intended, on his analogy to shooting onself in the head, but I still say this is by far our worst crisis. We can mitigate oil and water with technology but how do you mitigate stupidity, fraud, corruption and falsehoods that characterize banana republics and can effect overall investments by a company in the country. This week might very well be the' tale of the tape' for future foreign investments if not mitigated favourably in our behalf and even though the goose is cooked or dead, these ' loose cannons' have been loosened from Pandoras box and they are eluive at putting back in. I am being deliberately metaphorical here because I don't want to be too negative or cycnical, but personally, I have a lot of hard earned money tied up in Bankers, like all of you, and I am very,very concerned with these developments which can spiral out of control so easily when some sort of "nationalism' is involved. After all,countries are run by politicans, not business people,and that should scare us all !!
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