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 cheapinskion Jun 24, 2012 1:38pm

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Post# 20049198

RE: risk premium on - discussion required

very interesting thoughts livethedream....I have been away and missed the news about the Syria and Turkey dust up. Something will surely happen in regards to Syrian atrocities despite Russias reluctance to punish abusive regimes ( read:vested interest). And if Israel comes out swinging, there will be nothing BUT tension in the whole region. Now THAT will be a macro event! I dont disagree with your take on things. Things could get ugly. regards, cheapie

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