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 > Very Nervous Now!

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Comment by WestCoastEagleon Nov 22, 2015 7:13pm

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RE:RE:Very Nervous Now!

What TD analysit are you referring to because I can't find anything that's been updated since the news came out? Wouldn't the worst case scenario here be Bankers being booted out... I'm sure that hasn't been priced in and wouldn't that be a possiblity if they are found guilty? And if they do have to pay the full amount... the price could take another beating. You seem much more educated on the subject and company then I am but damn... this looks bleek to me. I am worried they won't survive.

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