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 tinman8on Jan 25, 2011 3:14pm

361 Views

Post# 18024381

RE: RE: Red sky at night shepherds delight -

Geric - Sircoop - a from time to time a regular on this board (otherwise known as Jed ) usually shows up AFTER there has been a drop in the SP - claiming it will go lower still.
However, his appearance on the board - far from heralding further drops in the SP - invariably marks a turning point with the SP going back up.
Thats why many of us - tongue in cheek - welcome him back

Bullboard Posts

Gold vs. bitcoin, where should you invest?