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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

Big Banc Split Corp > GIVE ME MY FUKN MONEY
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•••
Comment by ChupacabraBuenoon Sep 08, 2016 11:32am
115 Views
Post# 25217974

RE:GIVE ME MY FUKN MONEY

RE:GIVE ME MY FUKN MONEY
snake123 wrote:
Are these A$$CLOWNS seriously gonna make it come down to the wire on Sept 31? JUST GIVE US OUR FUKN MONEY ALREADY!!! What happened to Business Ethics?!!!!!!!!!!!!


Are SAFE the A$$CLOWNS to which you refer? Business doesn't enter into the equation for them, let alone business ethics. Nor do Canadian investors & companies. For SAFE it's all about the Renminbi/Yuan & Chinese politics related to their currency & FX.

Of course the actions of SAFE have broader implications that impact businesses & try snake's patience. But it would be a mistake to think they have any reason to care about that. The important thing is that while they clearly have FX management motivations to throtle the deal pipline, there is no reason to believe that disapproving a deal like this one would facilitate their madate. 
-GLTA   

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