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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 DLS11on May 28, 2009 9:45am
171 Views
Post# 16022713

RE: RE: $63 Oil Bankers Going fly Higher Soon

RE: RE: $63 Oil Bankers Going fly Higher SoonHey flyfisher...couldn't agree with you more...in addition, the "a" warrants that expire in 2011 I believe are a great leverage play...I think anything under 60 cents is a steal...the exercise price is around 2.40...I could see this over $3 easily well before end of year, leave alone 2011.

GL all longs,


DLS
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities