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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

Big Banc Split Corp
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Comment by dbeaudeon Feb 13, 2013 11:36am
129 Views
Post# 20981530

RE: WIN deal probably dead......what a joke

RE: WIN deal probably dead......what a joke

NEXT IN LINE PLEASE......Bankers for 106 million euros. They have a fantastic BOD with Cross, Badwi and Clark among others. Bankers is the only truly credible bidder on the list that put in a sizable bid and has the ethics and horsepower to manhandle Albpetrol. Wesley Clark would come in real handy with the geopolical issues associated with developing out the Albpetrol opportunities and Bankers has tremendous experience with Heavy oil and the petroluem development business in general. The increasing royalies alone would go along way to paying off their initial investment. Come to mama.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities