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 > If approved by the CHINESE GOV then the deal doesnt close

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Comment by mohsin6on Jul 21, 2016 11:04am

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Post# 25072181

RE:RE:RE:If approved by the CHINESE GOV then the deal doesnt close

where do you get 1%. Unbelievable garbage. Simply saying they have that ability to walk out of the deal without much penalties as the period of dates are set to expire. It is not like SAFE at all. SAFE is a matter of submission for approval of exchange currency for monies to be withdrawn from the country at one time. more about macro economics. "My angle" go fly a kite.

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