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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
Comment by lefmikeon Nov 27, 2014 11:26am
271 Views
Post# 23169762

RE:BNK

RE:BNKI've lost a significant amount of money on BNK and a couple other oil Co's. This is the game, Back in July Imade mention that something doesn't seem right with certain Oil Co's that the shorts are way over the average. When you look at the majority of major shareholders some are in for major losses this year. We're talking Billions of dollars lost in the oil industry. I would like to understand why? EVERY company has been hard hit, some worse than others but EVERY company. Makes me want to puke.
Bullboard Posts