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 cheapinskion Dec 09, 2012 2:31pm

74 Views

Post# 20705339

RE: RE: RE: Board etiquette

I hear you oilsyd.....you make some good points (I'm not commenting on your current issue) All in all. this board is pretty tame and pretty darn good compared to many of the others. The info passed between posters is really good and I (a rather new trader/investor) am thankful for it and am learning from it. Good luck all, I'm under on this and am hoping for some rally somewhere......regards, cheapie

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