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 tinman8on Jul 11, 2010 11:54am

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Post# 17260414

FYI - on BBC world news today -

'China sees a surge in trade surplus - China has recorded a fresh surge in its trade surplus and exports beating market expectations. Exports for June were up 43.9% on the same month last year. Analysts said the negative effect of European debt crisis had NOT been as bad as feared'
My own take on this news is that the value of crude moves forward much safer than some commentators have tried to have us believe . Ergo good for BNK
GLA

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