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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 dbeaudeon Feb 19, 2013 3:51pm
204 Views
Post# 21012040

RE: RE: RE: RE: RE: Bankers needs to get as much a

RE: RE: RE: RE: RE: Bankers needs to get as much a

Broker that is very obvious. We do not need one of the Sprott junior PMs telling us that and I agree with you that Abby and company need to get the lead out of their ying yang and get on the road with Hodgeson and get the Bankers story out there in Europe and elsewhere. The risk/reward IMO is exceptional in this story and the liquidity is very good and they are listed in Canada and London which are very good exchanges and currencies. They have what I believe many global institutional investors are looking for in the petroluem sector particularly at this point in time. They have plenty of ammo for the prospective investors. I do wonder what the heck Hogeson is doing each week as the business development and IR VP.

 

Bullboard Posts