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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 Ahsanon Feb 13, 2012 1:24pm
304 Views
Post# 19526434

RE: RE: RE: RE: RE: RE: somone care to explain the

RE: RE: RE: RE: RE: RE: somone care to explain the

my group got out too today. so glad we didnt wasted any time buying before and holding this. almost all gains got erased in 4 days. what a rip off. lost a few cents but tlm and pd turned out quite well.cya around. be back in april when its close to 4.

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Dealroom for high-potential pre-IPO opportunities