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

Bullboard Posts

Comment by bmeisteron May 25, 2011 10:57am

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Post# 18622760

RE: RE: RE: RE: Abby spoke

Yea,thanks,Britt,for that up-date.Very positive and very targeted,imo. thermal will be huge in expanding production from reserves and should be the "piece de' resistance" in the puzzle for Bankers and for potential suitors in the wings eyeing this as a potential takeover. JMHO

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports