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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 jp11on Jan 16, 2009 10:35am
594 Views
Post# 15708977

Suggestion

SuggestionVROCK, etc  have some points  to consider.. Might I suggest  CEF.a  [that holds a good 85% plus of physical GOLD]
By the way, Bloomberg had an interesting documentary   last night on AARP ,  suggesting the giant rip off it is.
Is ANYTHING  sacred anymore?
I personally disbelieve ANY commercial I see on TV,  although  I gotta luv the GECKO
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities