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 Feb 04, 2011 12:48pm

310 Views

Post# 18076581

RE: be careful

Never hurts to be careful but - Albania is NOT the Middle East.
Albania is a European country that wants to become a member of the EU - and the EU will want Albania's oil even if there were a change in government at some point.
Equally Albania - under any government now or in the future - will be anxious to develop and sell its oil.
The same is true of Middle Eastern countries - they want to sell their oil regardless of who is in power.
Iran had its revolution - throwing out the old guard - yet it hasn't diminished their desire to sell their oil.

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