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

Bullboard Posts

Comment by rehsifylfon Mar 12, 2010 12:00pm

290 Views

Post# 16876142

RE: Conference Presentation

Sorry for repeating alot of the same info. I type slower than the other gusy I guess! Anyway - interesting that we all heard the same key points - 1B BOE recoverable - for those keeping track thats $20+B netback.

The pushback I expected is happening. I'm so worried. Think I'll sell and get back in - since it has worked so well for so many others. LOL...

Bullboard Posts

Rich TV Live’s Stocks to Watch this week (Nov. 15, 2024)