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 bmeisteron May 04, 2011 8:13pm

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Post# 18531840

RE: patience pays off..

Good luck to you.I hope you get Bnk for $7.50 too,but just the WARRANTS.lol Hopefully the covering starts tomorrow in anticipation of some great numbers.
p.s. Thank God we have a majority in parliament.Anybody see some of that debacle on Power-Politics this evening with the 2nd in command NDPer Mulcair or close to it saying there is likely no bin-laden photos!! Could you imagine those clowns holding the balance of power??Canadians saved Canada on Monday.Clap yourselves on the backIMO

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