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.

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Big Banc Split Corp > why 2011?

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Comment by braincloudon Nov 21, 2015 11:19am

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Post# 24312165

RE:why 2011?

How they even came up with a number like $53 million is beyond me. I mean I wouldn't think that the tax department sits in BNK's office counting up every receipt. They have over 530 million in cumulative capex. How they came up with that number beats the sheit out of me. Maybe,just maybe there could have been some Prepayment of some items I suppose, but beyond that we are probably taking peanuts.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?