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 sav22on Aug 13, 2010 12:15pm

279 Views

Post# 17348680

RE: RE: RE: Quarterly

They only spoke for 5 minutes before opening up to questions. Yes the Q&A lasted a long time but the analysts had to ask tons of questions because BNK barely gave out any info in the 5 minutes they spoke. Did they not plan on giving out all that information before hand? I wonder why. Anyway, I guess they just didn't prepare a big presentation like most companies do and decided that presenting information to their shareholders isn't their main priority. At least the analysts are doing their job for us investors. Am I wrong for thinking that houndtrader?

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