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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

Bullboard Posts
Comment by Iran150on Mar 27, 2012 8:52pm
300 Views
Post# 19725571

Bankers 2012 Good news

Bankers 2012 Good news

..-- Drilling of 100 horizontal and vertical wells and completion of 60 well reactivations and workovers at the Patos-Marinza oilfield. -- Continuing the water disposal capacity expansion with additional water disposal drills and water control initiative with over 200 well isolations. -- Continuing the thermal pilot operations and drilling additional core wells for assessing future thermal development plans. -- Initiating social and environmental impact assessments, land permitting and material orders for the 35 kilometer second phase of the 70,000 bopd capacity pipeline from the Fier Hub to the Vlore export terminal with construction beginning in 2013. -- Expanding waterflood activities at the Kuà§ova oilfield with 5 injector conversions and 13 production reactivation wells. -- Drilling of 2 exploration wells on Block "F". -- Continuing with the environmental stewardship and social initiatives in our area of operations...

Bullboard Posts