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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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Post by I1thedave2oo6on Oct 31, 2015 11:04am
129 Views
Post# 24246595

#1Thedave2006 I Bought BNK @$1.90 Sold half @$2.21 today

#1Thedave2006 I Bought BNK @$1.90 Sold half @$2.21 todayBanakers Petro is a Great daytrade
Told you #1Thedave2006

Cheers #1Thedave2006 stockhouse Blogs BNK & CNE
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Dealroom for high-potential pre-IPO opportunities