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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 Mar 26, 2015 9:13am
120 Views
Post# 23563349

RE:add to that....

RE:add to that....I'm reading that this is a very remote possibility BC, Us and many other forces are in the area to prevent Pirating and that this was a joint thing by the Saudi's and a view other countries to simply rattle swords. The area near the Yemen choke point is pretty much controlled by the Western nations there. I bet this will fizzle out by the weekend, and oil starts to go south again. We just can't ignore the massive over sully of the stuff. I read today that the Chinese reserves are "APPARENTLY" too the breaking point full and the US soon to follow. There have been major miscalculations here that's for sure.
Bullboard Posts