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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
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Comment by bmeisteron Nov 14, 2007 6:34pm
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Post# 13808909

RE: BNK headed back to $2 and beyond

RE: BNK headed back to $2 and beyondJust new to this sp but was into Rally for a few years. I heard the reserves are there in Albania but am wondering if anyone knows if it is more or less difficult to get it out of the ground than in Egypt? I think this could be a critical factor in Bankers letting NA assets go and putting all its resources into heavy oil. Production could skyrocket much faster than Rally ever did. Any responses!!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities