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 > Conference call transcript

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Comment by braincloudon Nov 23, 2015 6:45pm

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Post# 24317705

RE:RE:Conference call transcript

I'm with you. I was doing a bunch of reading and felt very confident that the Albanianas had no leg to stand on . It will come down to what Brown said in his report. A young government trying to flex their muscles and being ignorant about a standard petroleum extraction contract. There's nothing unique about their arrangement with the ALBS. Nothing! Life will go on challenged as all things are.

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What will the U.S. election results mean for Canada?