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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Comment by tinman8on Jul 12, 2010 8:23am

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Post# 17261393

RE: RE: FYI - on BBC world news today -

Redphoenix - The June China trade figures DO represent the market looking to the future - as seen from the perspective of a number of months back , in the early part of this year , when the theory that declining European imports would impact China.
What the BBC news item is saying is - that early statistics are indicating the theory of a significant decline in China's exports is so far not materialising. Now granted it is still early days - and it will be important to see if the figures for July, August and September continue those of June.
Personally I think the decline hasnt happened because people - even in difficult economic times - continue to buy the mostly small ticket items that China provides. What they do stop buying is discretionary/big ticket items.

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