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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

Big Banc Split Corp
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Post by Whitehellon Jul 23, 2013 4:35pm
221 Views
Post# 21625619

talking about a non-event

talking about a non-event
Was it really worth a press release ?

Miss on block F... not like we though otherwise... at least they'll keep the block with the commitment done...

and "a long term alternative to Bankers' power and steam generation needs" that isn't going to take place before 2019...

at least they could have put some usefull information, like actual production or something...

ah well... so much for breaking to the resistance, isn't the news that's going to take us through, lol...


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities