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 > Reality check

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Comment by braincloudon Mar 28, 2016 10:17am

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Post# 24704388

RE:RE:Reality check

I agree 100%. A vote no puts a shareholder right back to where we were a couple of weeks ago wondering when oil moves higher to bail your position out. Oil moves nowhere and you have a zombie oil company unable to drill, develop and expand. You don't have to make it back on BNK! There are plenty of names that will move up should one believes oil is going higher. The Chinese don't care one way or the other on the outcome of the audit and it wasn't a consideration when they made their bid. Sure,if the audit comes out favourably then the stock may have bounced but then we are right back worrying about Oil prices again!

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This junior mining stock offers billions in market exposure