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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 trade2win2on Mar 10, 2014 8:36am
380 Views
Post# 22301391

Dreaming??????

Dreaming??????Boy wouldnt it be a nice surprize this Thursday if BNK  was in a position to announced a small Dividend.. What whould that bring the stock price to...  




Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw No. 1


prnews



2013 Financial Results To Be Released March 13, 2014

CALGARY, March 10, 2014 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the
"Company") (TSX: BNK, AIM: BNK) today announced that it has finalized
its corporate registration into the Province of Alberta from the
Province of British Columbia pursuant to the Business Corporations Act (Alberta).  The continuance into Alberta was approved at the annual
general and special meeting of the Company's shareholders held on May
21, 2013 (the "Meeting").

The continuance was effected to align the Company's registration with
the location of its head office, Directors and Officers and to position
the Company to issue, on a tax effective basis, stock based dividends
in the future should it choose to do so.
Bullboard Posts