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.

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Big Banc Split Corp

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Post by Roymurphyon Apr 07, 2010 4:42pm

406 Views

Post# 16967034

Re- Bankers Warrants

I was asleep at the wheel and watch my BNK warrants go down to under ten cents.
But I held on and lo and behold they're back to Seven Dollars. I'm happy to say that
Bankers Petroleum has resurrected my portfolio for which I'm very thankful.
My thanks to Abbi and his crew for a job well done, from a thankful investor.
May all your investments prosper, Roy.

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