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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

Comment by bmeister2on Nov 30, 2015 4:26pm
212 Views
Post# 24339942

RE:RE:Next step.....

RE:RE:Next step.....
....and so the boondoggle continues. Well, first, I hear you BC with your vent and ditto for me. And I agree with you,Himmler on the optics of Bankers announcement not giving clarity to us investors if we take statements at face value. However, I am a bit ticked how all this is going down and don't know if one side or both are posturing to save face or wtf else they are up to. What happens, even for us Long,longs is that seeds of doubt enter into our psyches and can roll into tsunamis if things don't improve. French has to get this fuc%en fire out,and quickly with tax-loss season upon us and patience wearing thin. Hate to say this fellas, but this is where our management team has to put out the fire before it spreads and singes us or indeed,burns us out. This is the most problematic situation Bankers ever had in Albania in their 11 years, so French has to step up to the plate. Glta
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