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 newtonboyon Sep 19, 2014 5:11pm

202 Views

Post# 22953956

Small Decrease in Shorts...........

Much better than an increase! TSX down 200 pts today- most energy stocks hurting. Too much oil being produced world wide. Things will settle. OPEC countries will get the price back to where they want it. Mr. French mentioned in the recent interview that they were now producing 21,500 BOD which is alot more than most of their peers (GTE,CNE, JE, ATH,etc). Congrats to those who are takinf advantage of the market slide.

T : BNK

2014-09-15

23,086,180

-69,236

260,880,559

8.85

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