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

Bullboard Posts

Post by lefmikeon Feb 19, 2015 6:37am

235 Views

Post# 23442426

Not BNK's area but interesting

Read the whole article before responding..........., It clearly shows just how the lower WTI prices have not only had an affect on the number of rigs but the bottom line of most, not some...... but most producers in trouble at 45.00 a bbl/ . . . https://www.reuters.com/article/2015/02/17/us-us-crude-shale-kemp-idUSKBN0LL0ZD20150217

Bullboard Posts

Changing Europe’s dependency on HREE from China