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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 bmeister2on Nov 14, 2014 11:48am
282 Views
Post# 23129365

convoluted

convoluted
It is hard to figure where oil is going when so many mixed messages are out there from manipulation to geo-political to peak forcasts. This is why many investors are not rushing in when we have up days but do they ever bail on down days! And to add insult to injury for me, I viewed the movie " The Wolf On Wall St. last night and that really did a lot to redeem my faith in brokers and traders and hedge funds!! Yeah,right. It is going to be slow and hopefully,steady progress as we meander through these volatile times. Glta longs
Bullboard Posts