Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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

Bullboard Posts

Comment by lefmike1on Nov 28, 2012 12:35pm

142 Views

Post# 20655369

RE: wrinkle in the Albpetrol deal?

Ya wanna know something?

This may not be a bad thing.............................Personally I'm not all that confortable with Mr. I Break-your-knee-caps-if-you-say bad thigns about me..... I haven;t got a warm and fuzzy feeling with this guy. Just a feeling LOL

Bullboard Posts

Canadian government to fund Electric Royalties portfolio property