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.

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Big Banc Split Corp

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Comment by lefmike1on Feb 19, 2013 10:10am

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Post# 21009237

RE: RE: this is getting hard to follow....who is t

I certainly find it encouraging that they are trying to lower the value of Albpetrol. It will justify a much lower bid, and BNK being #3 in line #1 is dead #2 should be soon since the company is almost bankrupt, that leaves BNK I would say and now the value of Albpetrol being lowered by the fact that the Goverment has removed certain valuable areas to be sold seperately would make th esale to BNK more agreeable to everyone I would say. Comments?

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