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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Post by flintabatteyon Mar 23, 2013 10:23pm

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Post# 21159431

BNK change of control

Rest assured, if BNK were to be the subject of a takeover or change of control, the Albanian government of the day would have a say before getting into bed with the potential suitor, this would be boilerplate in the resource agreement whereby BNK acquired its interests. The government would never risk the debacle that could occur if a non-green energy company were to try and step in similar to the Russians and Chinese during the o and g infancy.

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Cross border trading in Canada and Australia