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 > Saudi Arabia

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Comment by corvette67on Dec 30, 2015 10:40am

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Post# 24419098

RE:RE:RE:RE:RE:Saudi Arabia

Hate to disagree but OPEC's strategy will only be good for a very short time. Assets of shale producers put out of business will be picked up at steep discounts so the new owners will have an even lower breakeven point to put the properties back into production making the situation for OPEC even worse. A case of dumb and dumber. GLTA

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