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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 lefmike1on Nov 20, 2012 8:24am
125 Views
Post# 20620876

RE: Among other things today I was told.....

RE: Among other things today I was told.....

Bravo db,

 

For those who do not know who Gen Clark is, here is a brief WIKI

 

Clark joined the 2004 race for the Democratic Party presidential nomination as a candidate on September 17, 2003, but withdrew from the primary race on February 11, 2004, after winning the Oklahoma state primary, endorsing and campaigning for the eventual Democratic nominee, John Kerry. Clark currently leads a political action committee—"WesPAC"—which was formed after the 2004 primaries,[1][2 and used it to support numerous Democratic Party candidates in the 2006 midterm elections.[3] Clark was considered a potential candidate for the Democratic nomination in 2008, but, on September 15, 2007, endorsed Senator Hillary Clinton.[4] After Clinton dropped out of the Presidential race, Clark endorsed the then-presumptive Democratic nominee, Barack Obama.[5]Clark currently serves as the co-chairman of Growth Energy, an ethanol lobbying group[6][7] and on the board of directors of BNK Petroleum. Since July 2012, he also acts as an honorary special advisor to Romanian prime minister Victor Ponta in economic and security matters

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