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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 20, 2013 11:56am
167 Views
Post# 21417431

Updated Insider Activity............

Updated Insider Activity............

 

The Company announces that on May 16, 2013 it was notified that a Director
exercised a portion of his 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     
                                                                              
Ian McMurtrie                                                                 
                        May 16, 2013   33,333         2.37         583,333    
Director                                                                      
                                                                              
                        May 16, 2013   150,000        1.83         733,333    
                                                                              



The Company announces that on May 16, 2013 it was notified that certain
Directors sold the following shares:



                                                     Total     Total Number of  
Name                   Date of Sale   Shares Sold   Proceeds   Common Shares Held
                                                    (Cdn. $)   After Transaction
                                                                                
Ian McMurtrie                                                                   
                       May 16, 2013   183,333       520,042         550,000     
Director                                                                        
                                                                                
Eric Brown                                                                      
                       May 15, 2013   5,000          14,050          74,166     
Director                                                                        
                                                                                





For further information, contact:

Doug Urch

Executive VP, Finance and Chief Financial Officer

Ph: (403) 513-2691

 

Bullboard Posts