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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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Post by universalbabeon Sep 30, 2008 10:19pm
390 Views
Post# 15495773

C'mon.....

C'mon.....It's one thing to state an opinion.......but the bashing is really unpleasant to read. Everybody knows what the markets are going through. Bnk held it's own quite nicely today.....it only dropped near the close. It also fared quite well yesterday considering the day. If you really think that the company is a joke (like you talk about it) then why not move on. 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities