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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
Post by newtonboyon May 15, 2013 4:11pm
182 Views
Post# 21411582

Insiders...

Insiders...

                                           Total     Total Number of  
Name                   Date of Sale   Shares Sold   Proceeds   Common Shares Held
                                                    (Cdn. $)   After Transaction
                                                                                
Abdel F. (Abby) Badwi                                                           
                       May 13, 2013   419,444      1,153,838       1,096,810    
Vice Chair                                                                      
                                                                                



The Company announces that on May 14, 2013 it was notified that certain
Directors exercised a portion of their stock options, thereby acquiring the
following shares:



                                       Stock       Exercise   Total Number of 
Name                   Date of         Options     Price      Common Shares   
                       Exercise        Exercised   (Cdn.$)    Held After      
                                                              Transaction     
                                                                              
Abdel F. (Abby) Badwi                                                         
                        May 14, 2013   66,667         2.37        1,163,477   
Vice Chair                                                                    
                                                                              
John Zaozirny                                                                 
                        May 14, 2013   66,667         2.37         316,667    
Director                                                                      
                                                                              
Robert Cross                                                                  
                        May 14, 2013   83,333         2.37        2,830,266   
Chair                                                                          
                                             

Bullboard Posts