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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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Comment by corvette67on Nov 26, 2014 3:49pm
246 Views
Post# 23167206

RE:RE:RE:bad news :( Gulf OPEC producers agree not to cut output

RE:RE:RE:bad news :( Gulf OPEC producers agree not to cut output
Right on Broker g An OPEC quota is like a broken thermostat. It doesn't matter where you set the dial, it makes no difference. They have been overproducing quotas for 30 years. The only one that benefits from low oil prices is the consumer and he doesn't count. When governments, big oil and large investors want higher oil prices, that will happen, but not before they have stuffed their pockets with cheap oil stocks and long calls on oil. Take advantage of what the market is giving you on good oil stocks. GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities