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.

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Big Banc Split Corp

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Comment by algroveon Apr 01, 2013 10:04am

163 Views

Post# 21191605

RE: Questions on news?

My reading of the NR is that this refers only to the peripheral areas, in addition to what was previously reported for the core area. The core area had reserves as well as contingent resources and were reported on February 25th.

"Bankers Petroleum announces its 2012 contingent and prospective resources attributed to the periphery extensions and increased development of the Patos-Marinza oil field"

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Cross border trading in Canada and Australia