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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 PUNJABIon Sep 13, 2016 7:54am
147 Views
Post# 25230801

RE:RE:RE:Bnk will be removed from tsx

RE:RE:RE:Bnk will be removed from tsx It does not mean that the stock will be delisted from trading on TMX exchange. What is happening is replacing of different indices. BNK will be dropped from S&P/TSX SmallCAP index.

Every quarter there is a rebalancing of indices where certain stocks are deleted & other added to the indices.  In most cases the rebalancing is done biased on qualification criteria. The companies that have been sold or delisted are also removed & replaced by other companies.

I usually trade the exits & entry to indices.


News by S&P Dow Jones Indices
Transmitted by CNW Group on September 9, 2016 17:15 ET
 

S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

Results of the Quarterly Review of the S&P/TSX Composite Index
TORONTO, Sept. 9, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices after the close of trading on Friday, September 16, 2016:
S&P/TSX COMPOSITE INDEX
 
ADDITIONS
Issue Name Symbol Live Composite GICS Sector Index  
Altus Group Limited AIF Real Estate  
Asanko Gold Inc. AKG Materials  
Ivanhoe Mines Ltd. IVN Materials  
Klondex Mines Ltd. KDX Materials  
Morneau Shepell Inc. MSI Industrials  
Sandstorm Gold Ltd. SSL Materials  
Sleep Country Canada Holdings Inc. ZZZ Consumer Discretionary  
Spartan Energy Corp. SPE Energy  
DELETIONS
Issue Name Symbol Live Composite GICS Sector Index  
Avigilon Corp. AVO Information Technology  
Concordia International Corp. CXR Health Care  
 
Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite and Equal Weight Composite Indices. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification Standard (GICS) sector index.
 
NOTE: Brookfield Business Partners LP (TSX:BBU.UN) will be added to the S&P/TSX Income Trust Index and the S&P/TSX Capped Industrials Index after the close of trading on Friday, September 16, 2016.
NOTE: Thomson Reuters Corporation (TSX:TRI) will be removed from the S&P/TSX Capped Consumer Discretionary Index and added to the S&P/TSX Capped Financials Index after the close of trading on Friday, September 16, 2016.
S&P/TSX GLOBAL GOLD INDEX
ADDITIONS    
Issue Name Symbol Exchange
Argonaut Gold Inc. AR TSX
Continental Gold Inc. CNL TSX
Seabridge Gold Inc. SA NYSE
Teranga Gold Corp. TGZ TSX
 
S&P/TSX GLOBAL MINING INDEX
ADDITIONS    
Issue Name Symbol Exchange
Argonaut Gold Inc. AR TSX
Continental Gold Inc. CNL TSX
Dundee Precious Metals Inc. DPM TSX
NexGen Energy Ltd. NXE TSX
Seabridge Gold Inc. SA NYSE
Silvercorp Metals Inc. SVM TSX
Stornoway Diamond Corporation SWY TSX
Teranga Gold Corp. TGZ TSX
 
S&P/TSX EQUAL WEIGHT GLOBAL GOLD INDEX
ADDITIONS    
Issue Name Symbol Exchange
Asanko Gold Inc. AKG TSX
Endeavour Mining Corporation EDV TSX
Guyana Goldfields Inc. GUY TSX
Klondex Mines Ltd. KDX TSX
McEwen Mining Inc. MUX NYSE
Premier Gold Mines Ltd. PG TSX
Sandstorm Gold Ltd. SSL TSX
Silver Standard Resources Inc. SSO TSX
Tahoe Resources Inc. THO TSX
 
S&P/TSX COMPOSITE DIVIDEND INDEX
ADDITIONS  
Issue Name Symbol  
Altus Group Limited AIF  
Morneau Shepell Inc. MSI  
Sleep Country Canada Holdings Inc. ZZZ  
     
DELETIONS    
Issue Name Symbol  
Concordia International Corp. CXR  
 
S&P/TSX COMPOSITE HIGH DIVIDEND INDEX
ADDITIONS  
Issue Name Symbol  
DH Corporation DH  
Dominion Diamond Corporation DDC  
Manulife Financial Corp. MFC  
Morneau Shepell Inc. MSI  
     
DELETIONS    
Issue Name Symbol  
Bonavista Energy Corporation BNP  
Canadian Western Bank CWB  
Rogers Communications Inc. RCI.B  
Westshore Terminals Investment Corporation WTE  
 
S&P/TSX 60 ESG INDEX
ADDITIONS  
Issue Name Symbol
Emera Inc. EMA
 
S&P/TSX COMPOSITE HIGH BETA INDEX
ADDITIONS  
Issue Name Symbol
Manulife Financial Corp. MFC
Pason Systems Inc. PSI
Spartan Energy Corp. SPE
West Fraser Timber Co. Ltd. WFT
   
DELETIONS  
Issue Name Symbol
Concordia International Corp. CXR
ProMetic Life Sciences Inc. PLI
Russel Metals Inc. RUS
Suncor Energy Inc. SU
 
S&P/TSX COMPOSITE LOW VOLATILITY INDEX
ADDITIONS  
Issue Name   Symbol
Algonquin Power & Utilities Corp. AQN
Fortis Inc. FTS
MacDonald Dettwiler & Associates Ltd. MDA
Morneau Shepell Inc. MSI
Northview Apartment REIT NVU.UN
   
DELETIONS  
Issue Name Symbol
Agrium Inc. AGU
IGM Financial Inc. IGM
Industrial Alliance Insurance & Financial Serv. Inc. IAG
National Bank of Canada NA
North West Company Inc. NWC
 
S&P/TSX HIGH INCOME ENERGY INDEX
DELETIONS  
Issue Name Symbol
Bonavista Energy Corporation BNP
Enerplus Corporation ERF
 
S&P/TSX RENEWABLE ENERGY & CLEAN TECHNOLOGY INDEX
ADDITIONS  
Issue Name Symbol  
5N Plus Inc. VNP  
Electrovaya Inc. EFL  
Orbite Technologies Inc. ORT  
Polaris Infrastructure Inc. PIF  
SunOpta Inc. SOY  
     
DELETIONS    
Issue Name Symbol  
Hydrogenics Corporation HYG  
Westport Fuel Systems Inc. WPT  
 
S&P/TSX CAPPED INFORMATION TECHNOLOGY INDEX
DELETIONS  
Issue Name Symbol
UrtheCast Corp. UR
 
S&P/TSX EQUAL WEIGHT INDUSTRIALS INDEX
ADDITIONS  
Issue Name Symbol  
Brookfield Business Partners LP BBU.UN  
Morneau Shepell Inc. MSI  
 
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